Osisko Development (CVE:ODV) Hits New 12-Month Low – Here’s Why

Osisko Development Corp. (CVE:ODV)’s stock price hit a new 52-week low on Thursday . The company traded as low as C$2.07 and last traded at C$2.10, with a volume of 37637 shares trading hands. The stock had previously closed at C$2.12.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ODV. Ventum Financial lowered their price objective on Osisko Development from C$7.50 to C$4.50 in a research report on Thursday, August 29th. Royal Bank of Canada cut their price objective on Osisko Development from C$6.00 to C$5.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th.

Osisko Development Stock Down 5.2 %

The company has a market capitalization of C$198.71 million, a P/E ratio of -0.96 and a beta of 1.18. The firm’s 50 day moving average price is C$2.82 and its two-hundred day moving average price is C$2.81. The company has a current ratio of 0.64, a quick ratio of 2.81 and a debt-to-equity ratio of 8.45.

Osisko Development (CVE:ODV) last released its quarterly earnings data on Monday, August 12th. The company reported C($0.34) earnings per share (EPS) for the quarter. The firm had revenue of C$2.63 million during the quarter. Equities research analysts forecast that Osisko Development Corp. will post 0.1150263 EPS for the current year.

Osisko Development Company Profile

Osisko Development Corp. acquires, explores, and develops mineral properties in Canada, Mexico, and the United States. It explores for gold; and precious and base metals. The company's flagship asset is the Cariboo Gold Project covering an area of approximately 155,000 hectares consisting of 415 mineral titles located in British Columbia, Canada.