Osisko Development (NYSE:ODV) Issues Earnings Results

Osisko Development (NYSE:ODV) issued its quarterly earnings results on Friday. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.12), Zacks reports. The business had revenue of $3.20 million during the quarter.

Osisko Development Price Performance

NYSE:ODV traded up $0.07 during trading hours on Friday, reaching $3.02. The company had a trading volume of 638,503 shares, compared to its average volume of 1,939,278. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average of $3.21 and a two-hundred day moving average of $2.54. Osisko Development has a one year low of $1.16 and a one year high of $3.89. The firm has a market capitalization of $722.48 million, a PE ratio of -3.68 and a beta of 0.69.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ODV. Weiss Ratings restated a “sell (d-)” rating on shares of Osisko Development in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Osisko Development from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Institutional Trading of Osisko Development

Several large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Osisko Development in the 2nd quarter worth approximately $79,000. Marshall Wace LLP bought a new position in Osisko Development in the 2nd quarter valued at $258,000. Walleye Capital LLC acquired a new position in Osisko Development in the second quarter worth $212,000. Finally, XTX Topco Ltd grew its holdings in shares of Osisko Development by 210.2% during the second quarter. XTX Topco Ltd now owns 37,955 shares of the company’s stock worth $81,000 after purchasing an additional 25,720 shares during the last quarter. 15.16% of the stock is owned by institutional investors.

About Osisko Development

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.