Osisko Development (CVE:ODV) Hits New 1-Year Low at $8.10

Osisko Development Corp. (CVE:ODV – Get Rating) shares hit a new 52-week low during trading on Monday . The stock traded as low as C$8.10 and last traded at C$8.15, with a volume of 9945 shares traded. The stock had previously closed at C$8.65.

ODV has been the topic of several recent analyst reports. National Bankshares reduced their target price on Osisko Development from C$27.00 to C$15.00 and set an “outperform” rating on the stock in a report on Monday, June 6th. Desjardins downgraded Osisko Development from a “buy” rating to a “hold” rating in a report on Wednesday, May 25th. Finally, Pi Financial reduced their price objective on Osisko Development from C$9.25 to C$6.85 in a report on Tuesday, March 8th.

The firm has a fifty day simple moving average of C$7.44 and a 200-day simple moving average of C$5.46. The company has a current ratio of 1.17, a quick ratio of 0.25 and a debt-to-equity ratio of 1.70. The stock has a market cap of C$594.33 million and a price-to-earnings ratio of -2.54.

Osisko Development (CVE:ODV – Get Rating) last posted its quarterly earnings results on Thursday, May 12th. The company reported C($0.49) earnings per share for the quarter. The firm had revenue of C$9.17 million during the quarter. On average, equities analysts predict that Osisko Development Corp. will post 1.7400001 earnings per share for the current fiscal year.

About Osisko Development (CVE:ODV)

Osisko Development Corp., a gold mining company, engages in the exploration, evaluation, and development of mining projects. The company's flagship project is the Cariboo Gold project covering an area of 2,071 square kilometers of mineral rights located in British Columbia, Canada. It also holds interest in James Bay Properties located in Québec, canada; and San Antonio Gold Project and Guerrero Properties located in Guerrero, Mexico.

Read More