Osisko Development (NYSE:OGG) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Osisko Development (NYSE:OGG) posted its quarterly earnings data on Wednesday. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01), Zacks reports. The business had revenue of $13.83 million for the quarter. Osisko Development had a return on equity of 13.99% and a net margin of 241.05%.

Osisko Development Stock Up 0.9%

Osisko Development stock traded up $0.02 during mid-day trading on Friday, reaching $2.28. The stock had a trading volume of 458,123 shares, compared to its average volume of 1,860,411. The company has a market capitalization of $636.74 million and a price-to-earnings ratio of 7.13. The company has a 50-day moving average price of $2.64 and a two-hundred day moving average price of $2.95. Osisko Development has a one year low of $2.18 and a one year high of $3.25. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.58 and a quick ratio of 3.53.

Wall Street Analyst Weigh In

OGG has been the subject of several recent research reports. Weiss Ratings upgraded shares of Osisko Development from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 23rd. Zacks Research cut Osisko Development from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Osisko Development Company Profile

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.