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Osisko Development upgraded to Outperform from Sector Perform at RBC Capital

RBC Capital upgraded Osisko Development (ODV) to Outperform from Sector Perform with a C$5 price target following a transfer of coverage. The company’s Cariboo project is a fully-permitted underground project with scale backed by an experienced management team, the analyst tells investors in a research note. The firm believes share sentiment could improve with permits secured and recent streamlining development and confirming economics.

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