Osisko Development (NYSE:ODV - Get Free Report) was upgraded by analysts at Royal Bank of Canada from a "hold" rating to a "moderate buy" rating in a research note issued to investors on Monday, Marketbeat.com reports.
Osisko Development Stock Performance
ODV traded up $0.09 on Monday, reaching $2.08. 571,990 shares of the stock were exchanged, compared to its average volume of 276,931. The company's 50-day moving average price is $1.75 and its 200 day moving average price is $1.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.47 and a quick ratio of 0.43. The firm has a market capitalization of $283.56 million, a PE ratio of -1.15 and a beta of 0.53. Osisko Development has a fifty-two week low of $1.16 and a fifty-two week high of $2.75.
Osisko Development (NYSE:ODV - Get Free Report) last posted its quarterly earnings results 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%. As a group, sell-side analysts forecast that Osisko Development will post -0.16 EPS for the current fiscal year.
Institutional Trading of Osisko Development
Several hedge funds and other institutional investors have recently bought and sold shares of ODV. Anson Funds Management LP acquired a new stake in shares of Osisko Development during the 4th quarter worth approximately $4,667,000. GMT Capital Corp purchased a new position in Osisko Development in the first quarter valued at $1,213,000. Vestcor Inc acquired a new position in shares of Osisko Development in the first quarter worth about $1,118,000. Sprott Inc. boosted its stake in shares of Osisko Development by 84.9% during the 4th quarter. Sprott Inc. now owns 1,466,468 shares of the company's stock worth $2,388,000 after acquiring an additional 673,523 shares in the last quarter. Finally, Amitell Capital Pte Ltd purchased a new stake in shares of Osisko Development during the 4th quarter worth about $944,000. 15.16% of the stock is owned by institutional investors and hedge funds.
About Osisko Development
(
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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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