Osisko Development's (ODV) "Sell (D-)" Rating Reaffirmed at Weiss Ratings

Key Points

• Osisko Development's stock has been reaffirmed with a "sell (D-)" rating by Weiss Ratings, indicating a negative outlook for the company.
• Despite the negative rating from Weiss, other analysts have given mixed reviews, with Wall Street Zen upgrading it to "hold" and Stifel Canada giving it a "strong-buy" rating.
• The company's stock opened at $3.26, with a one-year low of $1.16 and a high of $3.89, and it has a market capitalization of $780 million.

Osisko Development (NYSE:ODV - Get Free Report)'s stock had its "sell (d-)" rating reissued by equities research analysts at Weiss Ratings in a note issued to investors on Saturday,Weiss Ratings reports.

ODV has been the topic of several other reports. Wall Street Zen upgraded shares of Osisko Development from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Stifel Canada upgraded shares of Osisko Development to a "strong-buy" rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Osisko Development Price Performance

ODV opened at $3.26 on Friday. Osisko Development has a one year low of $1.16 and a one year high of $3.89. The stock has a market capitalization of $780.00 million, a P/E ratio of -3.97 and a beta of 0.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.68 and a quick ratio of 0.62. The company's 50 day simple moving average is $3.13 and its 200-day simple moving average is $2.44.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ODV. Anson Funds Management LP boosted its holdings in shares of 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 buying an additional 718,049 shares in the last quarter. GMT Capital Corp bought a new position in shares of Osisko Development during the 1st quarter valued at approximately $1,213,000. Vestcor Inc bought a new position in shares of Osisko Development during the 1st quarter valued at approximately $1,118,000. Quarry LP purchased a new stake in Osisko Development during the 1st quarter valued at $447,000. Finally, U S Global Investors Inc. increased its stake in Osisko Development by 150.0% in the second quarter. U S Global Investors Inc. now owns 250,000 shares of the company's stock worth $537,000 after purchasing an additional 150,000 shares during the period. 15.16% of the stock is owned by hedge funds and other institutional investors.

Osisko Development Company Profile

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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