Osisko Development (NYSE:ODV) Sets New 52-Week High – Here’s What Happened

by · The Markets Daily

Osisko Development Corp. (NYSE:ODV – Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $3.92 and last traded at $3.9350, with a volume of 849067 shares. The stock had previously closed at $3.70.

Analysts Set New Price Targets

A number of research firms recently issued reports on ODV. Royal Bank Of Canada restated an “outperform” rating on shares of Osisko Development in a report on Monday, November 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Osisko Development in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised Osisko Development from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Get Our Latest Stock Analysis on Osisko Development

Osisko Development Stock Up 1.1%

The firm has a 50-day simple moving average of $3.38 and a 200 day simple moving average of $2.82. The company has a market capitalization of $1.04 billion, a PE ratio of -3.67 and a beta of 0.66. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.31 and a quick ratio of 1.29.

Osisko Development (NYSE:ODV – Get Free Report) last posted its earnings results on Friday, November 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.12). The firm had revenue of $3.20 million during the quarter, compared to analyst estimates of $0.36 million. On average, research analysts predict that Osisko Development Corp. will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Pinnacle Wealth Management Group Inc. lifted its stake in shares of Osisko Development by 5.7% in the third quarter. Pinnacle Wealth Management Group Inc. now owns 85,850 shares of the company’s stock worth $291,000 after acquiring an additional 4,600 shares in the last quarter. Bruce G. Allen Investments LLC acquired a new stake in Osisko Development in the third quarter valued at $32,000. SeaBridge Investment Advisors LLC bought a new stake in shares of Osisko Development in the 2nd quarter worth about $26,000. HM Payson & Co. acquired a new stake in shares of Osisko Development in the 3rd quarter valued at about $42,000. Finally, Salem Investment Counselors Inc. bought a new position in shares of Osisko Development during the second quarter worth about $30,000. 15.16% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading