Osisko Development (CVE:ODV) Raised to Moderate Buy at Royal Bank of Canada

Osisko Development (CVE:ODV) was upgraded by equities research analysts at Royal Bank of Canada from a “hold” rating to a “moderate buy” rating in a research report issued on Monday, MarketBeat Ratings reports. The brokerage presently has a C$5.00 target price on the stock. Royal Bank of Canada’s price target suggests a potential upside of 83.15% from the company’s previous close.

Separately, BMO Capital Markets cut their price target on Osisko Development from C$7.00 to C$6.00 in a report on Tuesday, April 29th.

Osisko Development Stock Up 0.4%

Shares of ODV opened at C$2.73 on Monday. The company’s 50-day simple moving average is C$2.39 and its 200-day simple moving average is C$2.29. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.81 and a current ratio of 0.47. Osisko Development has a 1 year low of C$1.64 and a 1 year high of C$3.78. The stock has a market capitalization of C$372.86 million, a PE ratio of -1.12 and a beta of 1.18.

About Osisko Development

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.