Royal Bank of Canada raised its position in Osisko Development Corp. (NYSE:ODV – Free Report) by 193,823.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,356,164 shares of the company’s stock after acquiring an additional 2,354,949 shares during the period. Royal Bank of Canada owned about 0.77% of Osisko Development worth $7,658,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Osisko Development in the fourth quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Osisko Development in the fourth quarter worth $26,000. Purpose Unlimited Inc. acquired a new position in Osisko Development during the fourth quarter worth $34,000. Engineers Gate Manager LP acquired a new position in Osisko Development during the fourth quarter worth $36,000. Finally, Squarepoint Ops LLC bought a new position in Osisko Development in the third quarter valued at $57,000. Institutional investors and hedge funds own 15.16% of the company’s stock.
Osisko Development Stock Performance
Shares of ODV stock opened at $2.30 on Tuesday. The stock has a market cap of $702.82 million, a P/E ratio of -4.42 and a beta of 0.61. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.37 and a quick ratio of 2.33. The company has a fifty day moving average price of $2.44 and a two-hundred day moving average price of $3.12. Osisko Development Corp. has a one year low of $2.14 and a one year high of $4.80.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Osisko Development in a research report on Friday, July 17th. Stifel Nicolaus upgraded Osisko Development to a “strong-buy” rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.
Read Our Latest Analysis 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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