Osisko Development (NYSE:ODV) Raised to "Strong-Buy" at Stifel Canada

Stifel Canada upgraded shares of Osisko Development (NYSE:ODV - Free Report) to a strong-buy rating in a research note published on Tuesday,Zacks.com reports. Stifel Canada also issued estimates for Osisko Development's FY2025 earnings at ($0.26) EPS, FY2026 earnings at ($0.10) EPS and FY2027 earnings at ($0.12) EPS.

ODV has been the subject of a number of other reports. 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. National Bankshares reissued an "outperform" rating on shares of Osisko Development in a research report on Tuesday, June 24th.

Osisko Development Price Performance

Shares of ODV traded up $0.15 during trading hours on Tuesday, reaching $2.42. The company had a trading volume of 1,574,851 shares, compared to its average volume of 313,961. The firm has a 50 day simple moving average of $2.05 and a 200-day simple moving average of $1.70. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $330.02 million, a price-to-earnings ratio of -2.95 and a beta of 0.61. Osisko Development has a 12-month low of $1.16 and a 12-month high of $2.75.

Osisko Development (NYSE:ODV - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported ($0.06) earnings per share for the quarter. Research analysts expect that Osisko Development will post -0.16 earnings per share for the current year.

Institutional Investors Weigh In On Osisko Development

Several hedge funds have recently modified their holdings of ODV. Anson Funds Management LP acquired a new position in Osisko Development during the fourth quarter valued at approximately $4,667,000. GMT Capital Corp acquired a new position in Osisko Development during the first quarter valued at approximately $1,213,000. Vestcor Inc acquired a new position in Osisko Development during the first quarter valued at approximately $1,118,000. Amitell Capital Pte Ltd acquired a new position in Osisko Development during the fourth quarter valued at approximately $944,000. Finally, Quarry LP purchased a new stake in shares of Osisko Development during the first quarter valued at approximately $447,000. 15.16% of the stock is owned by institutional investors and hedge funds.

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.