Equinox Partners Investment Management LLC Sells 1,032,596 Shares of Osisko Development Corp. $ODV

Equinox Partners Investment Management LLC lessened its position in Osisko Development Corp. (NYSE:ODVFree Report) by 64.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 573,739 shares of the company’s stock after selling 1,032,596 shares during the period. Osisko Development comprises about 1.0% of Equinox Partners Investment Management LLC’s investment portfolio, making the stock its 12th biggest holding. Equinox Partners Investment Management LLC’s holdings in Osisko Development were worth $1,944,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Arbiter Partners Capital Management LLC lifted its stake in shares of Osisko Development by 1,600.0% in the third quarter. Arbiter Partners Capital Management LLC now owns 340,000 shares of the company’s stock worth $1,153,000 after buying an additional 320,000 shares in the last quarter. Polar Asset Management Partners Inc. bought a new position in shares of Osisko Development in the third quarter worth approximately $1,641,000. Ruffer LLP bought a new position in shares of Osisko Development in the fourth quarter worth approximately $2,638,000. Anson Funds Management LP lifted its stake in shares of Osisko Development by 82.6% in the third quarter. Anson Funds Management LP now owns 7,150,761 shares of the company’s stock worth $24,241,000 after buying an additional 3,235,008 shares in the last quarter. Finally, Gabelli Funds LLC bought a new position in shares of Osisko Development in the fourth quarter worth approximately $1,396,000. Institutional investors own 15.16% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Osisko Development in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Get Our Latest Research Report on Osisko Development

Osisko Development Stock Down 2.0%

Shares of Osisko Development stock opened at $2.73 on Thursday. The company has a market cap of $830.36 million, a price-to-earnings ratio of -5.24 and a beta of 0.58. The company’s 50 day moving average is $3.02 and its 200 day moving average is $3.45. Osisko Development Corp. has a twelve month low of $1.97 and a twelve month high of $4.80. The company has a quick ratio of 2.33, a current ratio of 2.37 and a debt-to-equity ratio of 0.15.

Osisko Development (NYSE:ODVGet Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $1.59 million for the quarter, compared to the consensus estimate of $1.68 million. Osisko Development had a negative net margin of 192.13% and a negative return on equity of 10.46%. Research analysts anticipate that Osisko Development Corp. will post -0.04 EPS for the current year.

About Osisko Development

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Osisko Development (NYSE:ODV)

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