Osisko Development (NYSE:OGG) Shares Up 5.7% – Here’s What Happened

Posted by Francis Steltz on Sep 30th, 2026

Osisko Development Corp. (NYSE:OGG – Get Free Report) was up 5.7% on Wednesday. The stock traded as high as $2.98 and last traded at $2.96. Approximately 934,136 shares changed hands during trading, a decline of 47% from the average daily volume of 1,759,116 shares. The stock had previously closed at $2.80.

Analyst Ratings Changes

Several research firms have commented on OGG. Zacks Research upgraded Osisko Development from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 17th. Stifel Nicolaus upgraded shares of Osisko Development to a “strong-buy” rating in a report on Monday, June 29th. Finally, Weiss Ratings raised shares of Osisko Development from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, September 1st. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Osisko Development presently has a consensus rating of “Buy”.

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Osisko Development Stock Up 3.6%

The stock has a market cap of $886.94 million and a price-to-earnings ratio of -24.17. The company has a quick ratio of 3.53, a current ratio of 3.58 and a debt-to-equity ratio of 0.40. The stock has a fifty day moving average of $2.64 and a two-hundred day moving average of $2.81.

Hedge Funds Weigh In On Osisko Development

Several hedge funds and other institutional investors have recently modified their holdings of OGG. Amundi purchased a new position in Osisko Development in the second quarter valued at approximately $20,541,000. Anson Funds Management LP lifted its position in Osisko Development by 1,292.2% during the first quarter. Anson Funds Management LP now owns 3,862,208 shares of the company’s stock valued at $12,555,000 after buying an additional 3,584,791 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in Osisko Development during the second quarter worth approximately $7,175,000. Royal Bank of Canada grew its stake in Osisko Development by 193,823.0% during the first quarter. Royal Bank of Canada now owns 2,356,164 shares of the company’s stock worth $7,658,000 after buying an additional 2,354,949 shares during the period. Finally, Invenomic Capital Management LP purchased a new stake in Osisko Development during the fourth quarter worth approximately $7,713,000. 15.16% of the stock is owned by institutional investors and hedge funds.

Osisko Development Company Profile

(Get Free Report)

Osisko Development Corp. is a mineral exploration and development company focused primarily on advancing gold projects in North America. The company’s activities include exploration, resource evaluation, mine planning, permitting, project development and, where applicable, the operation of mining assets.

Its flagship asset is the Cariboo Gold Project in central British Columbia, Canada, a district-scale gold project that includes the historic Barkerville mining area and the Cow Mountain, Bonanza Ledge and Island Mountain deposits.