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An announcement from Osisko Development ( (TSE:ODV) ) is now available.
Osisko Development Corp. has announced promising results from its ongoing 13,000-meter infill drilling program at the Cariboo Gold Project’s Lowhee Zone. The initial results, which include high-grade gold intercepts, demonstrate good continuity with modelled vein zones and planned stopes, underscoring the potential for expanding existing zones and delineating new ones. This systematic drilling effort aims to enhance resource modelling and optimize mine planning, potentially impacting future production strategies.
The most recent analyst rating on (TSE:ODV) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Osisko Development stock, see the TSE:ODV Stock Forecast page.
Spark’s Take on TSE:ODV Stock
According to Spark, TipRanks’ AI Analyst, TSE:ODV is a Neutral.
The overall stock score is primarily influenced by financial performance challenges, including negative profitability and cash flow issues. However, positive technical indicators suggest some bullish momentum, partially offsetting the financial weaknesses. Valuation concerns due to negative earnings further weigh down the score.
To see Spark’s full report on TSE:ODV stock, click here.
More about Osisko Development
Osisko Development Corp. operates in the mining industry, focusing on the exploration and development of gold projects. The company is primarily engaged in advancing its Cariboo Gold Project, located in central British Columbia, Canada.
YTD Price Performance: 105.22%
Average Trading Volume: 129,769
Technical Sentiment Signal: Hold
Current Market Cap: C$1.13B
See more data about ODV stock on TipRanks’ Stock Analysis page.