Ventum Financial Lowers Osisko Development (CVE:ODV) Price Target to C$4.50

Osisko Development (CVE:ODV) had its target price lowered by research analysts at Ventum Financial from C$7.50 to C$4.50 in a note issued to investors on Thursday, BayStreet.CA reports. Ventum Financial’s price objective points to a potential upside of 59.01% from the company’s previous close.

Separately, Eight Capital cut their target price on Osisko Development from C$11.00 to C$9.00 in a research report on Thursday, July 11th.

Osisko Development Stock Performance

Shares of CVE ODV opened at C$2.83 on Thursday. The company has a current ratio of 0.64, a quick ratio of 2.81 and a debt-to-equity ratio of 8.45. The stock has a 50 day simple moving average of C$2.80 and a 200-day simple moving average of C$2.88. The company has a market cap of C$241.80 million, a PE ratio of -1.29 and a beta of 1.16. Osisko Development has a 12-month low of C$2.32 and a 12-month high of C$5.08.

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.