Anson Funds Management LP Has $5.34 Million Holdings in Osisko Development Corp. $ODV

Key Points

• Anson Funds Management LP increased its holdings in Osisko Development Corp. by 25.1%, now owning 3,581,267 shares valued at approximately $5.34 million.
• Several institutional investors have recently purchased new positions in Osisko Development, with institutional ownership now at 15.16% of the company's stock.
• Analysts have rated Osisko Development stock favorably, with upgrades including a shift from "sell" to "hold" and multiple "buy" ratings, resulting in an average rating of "Strong Buy."

Anson Funds Management LP increased its holdings in Osisko Development Corp. (NYSE:ODV - Free Report) by 25.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,581,267 shares of the company's stock after acquiring an additional 718,049 shares during the period. Osisko Development comprises 0.8% of Anson Funds Management LP's investment portfolio, making the stock its 25th biggest holding. Anson Funds Management LP owned 2.62% of Osisko Development worth $5,336,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Focus Partners Advisor Solutions LLC purchased a new position in Osisko Development during the fourth quarter worth about $62,000. Pale Fire Capital SE boosted its stake in shares of Osisko Development by 129.1% in the 1st quarter. Pale Fire Capital SE now owns 65,265 shares of the company's stock worth $97,000 after buying an additional 36,774 shares during the last quarter. U S Global Investors Inc. purchased a new position in shares of Osisko Development in the 1st quarter worth approximately $149,000. Polar Asset Management Partners Inc. purchased a new position in shares of Osisko Development in the 4th quarter worth approximately $196,000. Finally, WCG Wealth Advisors LLC purchased a new position in shares of Osisko Development in the 4th quarter worth approximately $201,000. Institutional investors and hedge funds own 15.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. National Bankshares restated an "outperform" rating on shares of Osisko Development in a research note on Tuesday, June 24th. Wall Street Zen upgraded shares of Osisko Development from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Royal Bank Of Canada upgraded shares of Osisko Development from a "hold" rating to a "moderate buy" rating in a report on Monday, June 2nd. Finally, Stifel Canada upgraded shares of Osisko Development to a "strong-buy" rating in a report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Strong Buy".

Osisko Development Price Performance

NYSE ODV opened at $3.14 on Thursday. The firm's 50-day simple moving average is $2.53 and its two-hundred day simple moving average is $2.00. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.01. Osisko Development Corp. has a 52 week low of $1.16 and a 52 week high of $3.21. The company has a market cap of $432.76 million, a PE ratio of -3.82 and a beta of 0.63.

About Osisko Development

Osisko Development Corp. acquires, explores, and develops mineral properties in Canada, Mexico, and the United States. It explores for gold; and precious and base metals. The company's flagship asset is the Cariboo Gold Project covering an area of approximately 155,000 hectares consisting of 415 mineral titles located in British Columbia, Canada.

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