Osisko Development (CVE:ODV) Sets New 12-Month High – Still a Buy?

Osisko Development Corp. (CVE:ODV) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$6.00 and last traded at C$5.97, with a volume of 149396 shares traded. The stock had previously closed at C$5.73.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada raised their price target on Osisko Development from C$7.00 to C$9.00 in a report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Osisko Development has an average rating of “Strong Buy” and an average target price of C$7.50.

Osisko Development Price Performance

The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.81 and a current ratio of 0.47. The stock has a market capitalization of C$1.94 billion, a PE ratio of -4.01 and a beta of 1.52. The company’s fifty day simple moving average is C$5.09 and its two-hundred day simple moving average is C$4.68.

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. It also holds a portfolio of marketable securities. Osisko Development Corp. is based in Montréal, Canada.