Osisko Development Set to Release Quarterly Earnings This Thursday

Osisko Development (NYSE:ODV) is expected to release its quarterly earnings numbers before the market opens on Thursday, March 27th. Analysts are forecasting that the company will report a loss of ($0.02) per share along with revenues totaling $0.40 million for the quarter.

Recent Stock Performance

The stock of Osisko Development saw a slight decline of 0.3% last Friday, closing at $1.56. A total of 125,029 shares were traded, which is lower than its average trading volume of 200,873 shares. The company's 50-day moving average price stood at $1.47, while the 200-day moving average price was $1.75. The firm has a debt-to-equity ratio of 0.01, with a current ratio of 0.47 and a quick ratio of 0.43. Currently, Osisko Development has a market capitalization of $212.43 million, along with a P/E ratio of -0.86 and a beta of 0.72. The stock has fluctuated between a low of $1.16 and a high of $2.75 over the past year.

Company Overview

Osisko Development Corp. focuses on acquiring, exploring, and developing mineral properties primarily in Canada, Mexico, and the United States. The company specializes in the exploration of gold and other precious and base metals. One of its key projects is the Cariboo Gold Project, which encompasses an area of about 155,000 hectares, consisting of 415 mineral titles located in British Columbia, Canada.

Investment Considerations

As Osisko Development prepares to announce its earnings, investors may want to reassess their positions. Currently, the company holds a Hold rating from analysts, indicating caution among market experts. There are other stocks that analysts believe represent a better investment opportunity at this time. Investors are encouraged to explore these alternatives before making decisions regarding their portfolios.

Osisko, Development, Earnings