Osisko Development (NYSE:ODV) Upgraded by Wall Street Zen to Hold Rating

Key Points

• Wall Street Zen has upgraded Osisko Development's stock rating from "sell" to "hold," indicating a more neutral stance on the company's performance.
• Other analysts have also shown positive sentiment, with National Bankshares and Royal Bank of Canada recently reiterating their ratings of "outperform" and "moderate buy," respectively.
• Osisko Development's stock is currently trading at $2.55, with a market cap of $352.00 million and a notable 1-year high of $2.75.

Osisko Development (NYSE:ODV - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also recently weighed in on ODV. Royal Bank Of Canada raised shares of Osisko Development from a "hold" rating to a "moderate buy" rating in a research report on Monday, June 2nd. National Bankshares reissued an "outperform" rating on shares of Osisko Development in a research report on Tuesday, June 24th. Finally, Stifel Canada raised shares of Osisko Development to a "strong-buy" rating in a research report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat.com, Osisko Development has a consensus rating of "Strong Buy".

Osisko Development Trading Down 1.8%

Shares of NYSE ODV traded down $0.0450 during midday trading on Friday, reaching $2.4050. 551,993 shares of the stock were exchanged, compared to its average volume of 828,709. The business has a 50-day simple moving average of $2.33 and a two-hundred day simple moving average of $1.87. The company has a market capitalization of $331.99 million, a price-to-earnings ratio of -2.93 and a beta of 0.61. Osisko Development has a 12 month low of $1.16 and a 12 month high of $2.75. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.68 and a quick ratio of 0.62.

Institutional Trading of Osisko Development

A number of institutional investors have recently modified their holdings of the company. Anson Funds Management LP lifted its holdings in shares of Osisko Development by 25.1% in the first quarter. Anson Funds Management LP now owns 3,581,267 shares of the company's stock valued at $5,336,000 after purchasing an additional 718,049 shares in the last quarter. GMT Capital Corp bought a new stake in Osisko Development during the 1st quarter worth about $1,213,000. Vestcor Inc bought a new stake in Osisko Development during the 1st quarter worth about $1,118,000. Quarry LP bought a new stake in Osisko Development during the 1st quarter worth about $447,000. Finally, U S Global Investors Inc. lifted its position in Osisko Development by 150.0% during the 2nd quarter. U S Global Investors Inc. now owns 250,000 shares of the company's stock worth $537,000 after buying an additional 150,000 shares in the last quarter. 15.16% of the stock is currently owned by 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.