Osisko Development (CVE:ODV) Hits New 52-Week Low – Should You Sell?

Shares of Osisko Development Corp. (CVE:ODV) hit a new 52-week low during trading on Friday . The company traded as low as C$2.32 and last traded at C$2.37, with a volume of 100060 shares traded. The stock had previously closed at C$2.52.

Analyst Ratings Changes

ODV has been the subject of a number of analyst reports. Ventum Financial lowered their target price on shares of Osisko Development from C$7.50 to C$4.50 in a research note on Thursday, August 29th. Royal Bank of Canada decreased their price objective on shares of Osisko Development from C$6.00 to C$5.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th.

Osisko Development Stock Down 4.0 %

The firm has a market cap of C$239.24 million, a price-to-earnings ratio of -1.11 and a beta of 1.18. The firm’s 50 day moving average price is C$2.85 and its two-hundred day moving average price is C$2.83. The company has a debt-to-equity ratio of 8.45, a current ratio of 0.64 and a quick ratio of 2.81.

Osisko Development (CVE:ODV) last announced its quarterly earnings data on Monday, August 12th. The company reported C($0.34) EPS for the quarter. The company had revenue of C$2.63 million for the quarter. As a group, sell-side analysts forecast that Osisko Development Corp. will post 0.1150263 earnings per share for the current fiscal 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.