Royal Bank Of Canada Raises Osisko Development (CVE:ODV) Price Target to C$9.00

Osisko Development (CVE:ODV) had its price target raised by Royal Bank Of Canada from C$7.00 to C$9.00 in a research report issued on Wednesday,BayStreet.CA reports. Royal Bank Of Canada’s price objective suggests a potential upside of 76.82% from the company’s previous close.

Osisko Development Stock Down 0.2%

Shares of CVE ODV traded down C$0.01 during mid-day trading on Wednesday, hitting C$5.09. The company had a trading volume of 40,955 shares, compared to its average volume of 103,999. The company has a current ratio of 0.47, a quick ratio of 2.81 and a debt-to-equity ratio of 1.38. The firm has a 50-day simple moving average of C$4.69 and a two-hundred day simple moving average of C$3.86. The company has a market capitalization of C$1.30 billion, a PE ratio of -3.14 and a beta of 1.94. Osisko Development has a one year low of C$1.64 and a one year high of C$5.44.

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.