Osisko Development (NYSE:OGG) Announces Earnings Results

Osisko Development (NYSE:OGG) released its quarterly earnings data on Wednesday. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01), Zacks reports. Osisko Development had a net margin of 148.74% and a return on equity of 11.53%. The business had revenue of $13.83 million during the quarter.

Osisko Development Price Performance

Osisko Development stock traded down $0.16 during trading hours on Thursday, reaching $2.22. 2,308,236 shares of the stock were exchanged, compared to its average volume of 1,856,200. The stock has a 50 day moving average of $2.66 and a two-hundred day moving average of $2.96. The company has a market cap of $619.98 million and a P/E ratio of -18.50. The company has a current ratio of 3.58, a quick ratio of 3.53 and a debt-to-equity ratio of 0.40. Osisko Development has a twelve month low of $2.18 and a twelve month high of $3.25.

Analysts Set New Price Targets

A number of research firms recently weighed in on OGG. Zacks Research cut Osisko Development from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 19th. Weiss Ratings upgraded shares of Osisko Development from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

About Osisko Development

Osisko Development is a gold-focused mineral exploration and development company. It advances projects from exploration and resource evaluation toward potential mine development, with assets in Canada, the United States and Mexico. The company’s flagship asset is the Cariboo Gold Project in central British Columbia, where it is working to develop a gold mine. Its other principal projects include the San Antonio Gold Project in Sonora, Mexico, and the Tintic Project in Utah, which provide additional opportunities for exploration and development.