Osisko Development (NYSE:ODV - Get Free Report) was upgraded by equities researchers at Royal Bank of Canada from a "hold" rating to a "moderate buy" rating in a research note issued on Monday,Zacks.com reports.
Osisko Development Price Performance
NYSE:ODV remained flat at $2.00 during midday trading on Monday. The company had a trading volume of 354,584 shares, compared to its average volume of 270,927. Osisko Development has a 52 week low of $1.16 and a 52 week high of $2.75. The stock has a market capitalization of $273.31 million, a P/E ratio of -1.10 and a beta of 0.47. The company's 50 day simple moving average is $1.72 and its 200-day simple moving average is $1.62. The company has a quick ratio of 0.43, a current ratio of 0.47 and a debt-to-equity ratio of 0.01.
Osisko Development (NYSE:ODV - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.06) earnings per share (EPS) for the quarter. Osisko Development had a negative return on equity of 11.51% and a negative net margin of 1,817.64%. On average, sell-side analysts anticipate that Osisko Development will post -0.16 earnings per share for the current fiscal year.
Institutional Trading of Osisko Development
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Anson Funds Management LP boosted its position in Osisko Development by 25.1% during the 1st quarter. Anson Funds Management LP now owns 3,581,267 shares of the company's stock valued at $5,336,000 after acquiring an additional 718,049 shares in the last quarter. Quarry LP bought a new stake in Osisko Development during the 1st quarter valued at $447,000. GMT Capital Corp bought a new stake in Osisko Development during the 1st quarter valued at $1,213,000. Pale Fire Capital SE boosted its position in Osisko Development by 129.1% during the 1st quarter. Pale Fire Capital SE now owns 65,265 shares of the company's stock valued at $97,000 after acquiring an additional 36,774 shares in the last quarter. Finally, Vestcor Inc bought a new stake in Osisko Development during the 1st quarter valued at $1,118,000. Institutional investors own 15.16% of the company's stock.
About Osisko Development
(
Get Free Report)
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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