Osisko Development Corp. (NYSE:OGG – Get Free Report)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $2.92 and last traded at $2.88, with a volume of 65757 shares changing hands. The stock had previously closed at $2.70.
Analysts Set New Price Targets
A number of research firms have recently commented on OGG. Stifel Nicolaus upgraded shares of Osisko Development to a “strong-buy” rating in a report on Monday, June 29th. Weiss Ratings raised Osisko Development from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Osisko Development presently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Analysis on Osisko Development
Osisko Development Trading Up 0.7%
Institutional Investors Weigh In On Osisko Development
Several large investors have recently made changes to their positions in the company. Susquehanna Advisors Group Inc. purchased a new stake in shares of Osisko Development in the second quarter worth about $74,000. Alyeska Investment Group L.P. bought a new stake in Osisko Development in the 2nd quarter worth approximately $7,175,000. Groupe la Francaise increased its stake in Osisko Development by 57.1% in the 1st quarter. Groupe la Francaise now owns 2,200,000 shares of the company’s stock worth $7,109,000 after acquiring an additional 800,000 shares during the last quarter. Anson Funds Management LP raised its holdings in shares of Osisko Development by 1,292.2% during the 1st quarter. Anson Funds Management LP now owns 3,862,208 shares of the company’s stock worth $12,555,000 after acquiring an additional 3,584,791 shares in the last quarter. Finally, Amundi raised its holdings in shares of Osisko Development by 15.0% during the 1st quarter. Amundi now owns 8,050,000 shares of the company’s stock worth $26,162,000 after acquiring an additional 1,050,000 shares in the last quarter. 15.16% of the stock is owned by institutional investors.
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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