Osisko Development (NYSE:ODV – Get Free Report) issued its earnings results on Monday. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01, Zacks reports. Osisko Development had a negative net margin of 192.13% and a negative return on equity of 12.38%. The firm had revenue of $1.59 million during the quarter, compared to analysts’ expectations of $1.68 million.
Osisko Development Price Performance
Shares of Osisko Development stock traded down $0.05 on Wednesday, hitting $3.37. 273,406 shares of the company were exchanged, compared to its average volume of 2,438,535. The company has a quick ratio of 1.42, a current ratio of 1.45 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average price of $3.47 and a 200 day moving average price of $3.53. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -6.49 and a beta of 0.62. Osisko Development has a 1-year low of $1.74 and a 1-year high of $4.80.
Institutional Trading of Osisko Development
Hedge funds have recently made changes to their positions in the company. Federation des caisses Desjardins du Quebec grew its holdings in shares of Osisko Development by 3.8% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 164,640 shares of the company’s stock valued at $558,000 after purchasing an additional 5,985 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Osisko Development by 44.1% during the 4th quarter. Captrust Financial Advisors now owns 24,500 shares of the company’s stock worth $86,000 after acquiring an additional 7,500 shares in the last quarter. Engineers Gate Manager LP purchased a new position in shares of Osisko Development in the 4th quarter valued at about $36,000. Squarepoint Ops LLC acquired a new stake in shares of Osisko Development during the 3rd quarter worth about $57,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in Osisko Development during the third quarter worth approximately $68,000. Hedge funds and other institutional investors own 15.16% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Stock Report on Osisko Development
Osisko Development Company Profile
Osisko Development Corp. is a Canadian mineral exploration and development company focused on advancing a portfolio of high-quality precious and base metal projects in stable jurisdictions. The company’s strategy centers on the acquisition, exploration, and development of gold, zinc and lead deposits that offer the potential for scalable, long-life operations. Headquartered in Montreal, Quebec, Osisko Development operates primarily across Western Canada.
The company’s flagship asset is the Cariboo gold project in central British Columbia, where it is engaged in step-out drilling, resource definition and permitting activities aimed at building a robust mineral inventory.
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