Ruffer LLP Buys Shares of 754,799 Osisko Development Corp. $ODV

Key Points

• Ruffer LLP bought 754,799 shares of Osisko Development (about $2.64M) in Q4 and now owns roughly 0.30% of the company, as institutional investors collectively hold about 15.16% of ODV with several firms (Pinnacle, SeaBridge, Polar) also increasing or initiating stakes.
• Analyst sentiment is mixed — MarketBeat shows an average rating of "Moderate Buy" (1 Strong Buy, 2 Buy, 1 Sell), while Weiss Ratings recently reiterated a "sell (d-)" on the stock.
• Snapshot: ODV trades around $3.49 with a market cap of $1.06B and a negative P/E (-4.10); the company reported quarterly EPS of $0.04 (beating estimates) on $2.19M revenue, and a 52-week range of $1.50–$4.80.

Ruffer LLP bought a new stake in Osisko Development Corp. (NYSE:ODV - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 754,799 shares of the company's stock, valued at approximately $2,638,000. Ruffer LLP owned approximately 0.30% of Osisko Development as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. SeaBridge Investment Advisors LLC lifted its stake in Osisko Development by 50.0% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 18,000 shares of the company's stock valued at $63,000 after acquiring an additional 6,000 shares in the last quarter. Pinnacle Wealth Management Group Inc. lifted its stake in Osisko Development by 110.3% in the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 180,550 shares of the company's stock valued at $630,000 after acquiring an additional 94,700 shares in the last quarter. Norden Group LLC bought a new stake in Osisko Development in the 4th quarter valued at approximately $55,000. SG Americas Securities LLC bought a new stake in Osisko Development in the 4th quarter valued at approximately $108,000. Finally, Polar Asset Management Partners Inc. bought a new stake in Osisko Development in the 3rd quarter valued at approximately $1,641,000. Institutional investors own 15.16% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Osisko Development in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

Osisko Development Stock Up 0.4%

NYSE:ODV opened at $3.49 on Thursday. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -4.10 and a beta of 0.75. Osisko Development Corp. has a twelve month low of $1.50 and a twelve month high of $4.80. The stock's 50 day moving average price is $3.65 and its two-hundred day moving average price is $3.56. The company has a quick ratio of 1.42, a current ratio of 1.45 and a debt-to-equity ratio of 0.20.

Osisko Development (NYSE:ODV - Get Free Report) last posted its quarterly earnings results on Friday, March 27th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.07. The company had revenue of $2.19 million for the quarter, compared to analyst estimates of $2.19 million. Equities research analysts expect that Osisko Development Corp. will post -0.1 earnings per share for the current fiscal year.

About Osisko Development

Osisko Development Corp. is a Canadian mineral exploration and development company focused on advancing a portfolio of high-quality precious and base metal projects in stable jurisdictions. The company’s strategy centers on the acquisition, exploration, and development of gold, zinc and lead deposits that offer the potential for scalable, long-life operations. Headquartered in Montreal, Quebec, Osisko Development operates primarily across Western Canada.

The company’s flagship asset is the Cariboo gold project in central British Columbia, where it is engaged in step-out drilling, resource definition and permitting activities aimed at building a robust mineral inventory.

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