Quarry LP Takes Position in Osisko Development Corp. $ODV

Key Points

• Quarry LP has invested $447,000 in Osisko Development Corp. by acquiring 300,000 shares, representing approximately 0.22% ownership of the company.
• Osisko Development Corp. has seen a range of institutional investments with 15.16% of its stock currently held by institutional investors, indicating increased interest in the company.
• Analysts have upgraded Osisko Development to favorable ratings, with a consensus rating of "Strong Buy," reflecting growing confidence in the firm's market performance.

Quarry LP purchased a new position in shares of Osisko Development Corp. (NYSE:ODV - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 300,000 shares of the company's stock, valued at approximately $447,000. Quarry LP owned about 0.22% of Osisko Development as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Anson Funds Management LP increased its position in Osisko Development by 25.1% during the first quarter. Anson Funds Management LP now owns 3,581,267 shares of the company's stock worth $5,336,000 after buying an additional 718,049 shares during the last quarter. Vestcor Inc acquired a new position in shares of Osisko Development in the first quarter valued at approximately $1,118,000. GMT Capital Corp acquired a new position in shares of Osisko Development in the first quarter valued at approximately $1,213,000. Polar Asset Management Partners Inc. acquired a new position in shares of Osisko Development in the fourth quarter valued at approximately $196,000. Finally, WCG Wealth Advisors LLC acquired a new position in shares of Osisko Development in the fourth quarter valued at approximately $201,000. Institutional investors and hedge funds own 15.16% of the company's stock.

Osisko Development Price Performance

NYSE ODV traded down $0.10 on Thursday, hitting $2.76. 1,043,725 shares of the company's stock were exchanged, compared to its average volume of 526,994. The stock has a 50-day moving average of $2.45 and a 200-day moving average of $1.95. The company has a current ratio of 0.68, a quick ratio of 0.62 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 $2.90. The stock has a market cap of $380.30 million, a price-to-earnings ratio of -3.36 and a beta of 0.63.

Analyst Ratings Changes

Several equities analysts have recently commented on ODV shares. National Bankshares reaffirmed an "outperform" rating on shares of Osisko Development in a research report on Tuesday, June 24th. Wall Street Zen raised Osisko Development from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Stifel Canada raised Osisko Development to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, Royal Bank Of Canada raised Osisko Development from a "hold" rating to a "moderate buy" rating in a research report on Monday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Strong Buy".

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.