Vestcor Inc purchased a new stake in shares of Osisko Development Corp. (NYSE:ODV – Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,751,236 shares of the company’s stock, valued at approximately $6,112,000. Vestcor Inc owned about 0.68% of Osisko Development at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new position in Osisko Development during the 4th quarter valued at about $26,000. Norden Group LLC bought a new position in Osisko Development during the 4th quarter valued at about $55,000. Squarepoint Ops LLC bought a new position in Osisko Development during the 3rd quarter valued at about $57,000. SeaBridge Investment Advisors LLC grew its holdings in Osisko Development by 50.0% during the 4th quarter. SeaBridge Investment Advisors LLC now owns 18,000 shares of the company’s stock valued at $63,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in Osisko Development in the 3rd quarter valued at about $68,000. 15.16% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Osisko Development in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Osisko Development currently has a consensus rating of “Moderate Buy”.
Osisko Development Price Performance
Osisko Development stock opened at $2.48 on Friday. The stock has a market cap of $756.32 million, a price-to-earnings ratio of -4.77 and a beta of 0.58. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.37 and a quick ratio of 2.33. Osisko Development Corp. has a 1 year low of $1.95 and a 1 year high of $4.80. The firm has a 50-day moving average of $3.11 and a two-hundred day moving average of $3.48.
Osisko Development (NYSE:ODV – Get Free Report) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. Osisko Development had a negative net margin of 192.13% and a negative return on equity of 10.46%. The company had revenue of $1.59 million during the quarter, compared to analysts’ expectations of $1.68 million. On average, research analysts forecast that Osisko Development Corp. will post -0.04 earnings per share for the current year.
About Osisko Development
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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