Osisko Development (CVE:ODV) PT Lowered to C$9.00 at Eight Capital

Osisko Development (CVE:ODV) had its target price reduced by research analysts at Eight Capital from C$11.00 to C$9.00 in a research report issued on Thursday, BayStreet.CA reports. Eight Capital’s price objective indicates a potential upside of 207.17% from the company’s previous close.

ODV has been the topic of a number of other reports. BMO Capital Markets decreased their price target on shares of Osisko Development from C$10.00 to C$7.00 in a research note on Monday, March 25th. Ventum Financial lowered their target price on Osisko Development from C$8.00 to C$7.50 in a report on Tuesday, May 28th.

Osisko Development Price Performance

Shares of ODV opened at C$2.93 on Thursday. The business’s 50-day moving average is C$2.79 and its two-hundred day moving average is C$3.05. The company has a market capitalization of C$246.56 million, a P/E ratio of -1.47 and a beta of 1.09. The company has a debt-to-equity ratio of 8.42, a quick ratio of 2.81 and a current ratio of 0.85. Osisko Development has a fifty-two week low of C$2.32 and a fifty-two week high of C$6.12.

Osisko Development (CVE:ODV) last announced its quarterly earnings results on Monday, May 6th. The company reported C($0.03) earnings per share for the quarter. The business had revenue of C$1.77 million during the quarter. Research analysts predict that Osisko Development will post 0.1900062 earnings per share 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.