GMT Capital Corp Takes Position in Osisko Development Corp. $ODV

Key Points

• GMT Capital Corp acquired a stake of 814,246 shares in Osisko Development Corp. valued at approximately $1,213,000, representing 0.60% of the company's shares.
• Several hedge funds and institutional investors have increased their holdings in Osisko Development, with a total ownership of 15.16% of the company's stock.
• Osisko Development has received positive analyst ratings recently, with firms like Stifel Canada upgrading to a "strong-buy," and the company currently holds an average rating of "Strong Buy."

GMT Capital Corp purchased a new stake in shares of Osisko Development Corp. (NYSE:ODV - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 814,246 shares of the company's stock, valued at approximately $1,213,000. GMT Capital Corp owned approximately 0.60% of Osisko Development at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ODV. Anson Funds Management LP bought a new position in shares of Osisko Development during the fourth quarter valued at $4,667,000. Vestcor Inc bought a new stake in Osisko Development in the 1st quarter worth about $1,118,000. Bastion Asset Management Inc. bought a new stake in Osisko Development in the 4th quarter worth about $326,000. WCG Wealth Advisors LLC bought a new stake in Osisko Development in the 4th quarter worth about $201,000. Finally, Polar Asset Management Partners Inc. bought a new stake in Osisko Development in the 4th quarter worth about $196,000. 15.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ODV has been the subject of several research analyst reports. Royal Bank Of Canada upgraded Osisko Development from a "hold" rating to a "moderate buy" rating in a report on Monday, June 2nd. Stifel Canada upgraded shares of Osisko Development to a "strong-buy" rating in a research report on Tuesday, July 8th. National Bankshares reiterated an "outperform" rating on shares of Osisko Development in a report on Tuesday, June 24th. Finally, Wall Street Zen raised shares of Osisko Development from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Strong Buy".

Osisko Development Stock Performance

Shares of NYSE ODV traded down $0.06 during midday trading on Thursday, reaching $2.80. The company had a trading volume of 573,320 shares, compared to its average volume of 524,027. The business's 50-day simple moving average is $2.45 and its 200 day simple moving average is $1.95. The stock has a market cap of $385.82 million, a P/E ratio of -3.41 and a beta of 0.63. Osisko Development Corp. has a 1 year low of $1.16 and a 1 year high of $2.90. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.01.

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.