Osisko Development (NYSE:ODV) Upgraded at Stifel Canada

Osisko Development (NYSE:ODV) was upgraded by research analysts at Stifel Canada to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

ODV has been the subject of a number of other research reports. Royal Bank Of Canada upgraded shares of Osisko Development from a “hold” rating to a “moderate buy” rating in a report on Monday, June 2nd. National Bankshares restated an “outperform” rating on shares of Osisko Development in a research note on Tuesday, June 24th.

Osisko Development Stock Down 0.5%

Osisko Development stock opened at $2.20 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.68 and a quick ratio of 0.62. The business has a 50 day simple moving average of $2.02 and a 200-day simple moving average of $1.70. The stock has a market capitalization of $300.63 million, a PE ratio of -2.68 and a beta of 0.61. Osisko Development has a 12 month low of $1.16 and a 12 month high of $2.75.

Osisko Development (NYSE:ODV) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.06) EPS for the quarter. On average, analysts anticipate that Osisko Development will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ODV. Salem Investment Counselors Inc. purchased a new position in shares of Osisko Development during the 2nd quarter worth about $30,000. Focus Partners Advisor Solutions LLC acquired a new position in shares of Osisko Development during the fourth quarter worth $62,000. Pale Fire Capital SE boosted its position in Osisko Development by 129.1% in the 1st quarter. Pale Fire Capital SE now owns 65,265 shares of the company’s stock valued at $97,000 after buying an additional 36,774 shares during the last quarter. U S Global Investors Inc. acquired a new stake in shares of Osisko Development during the first quarter worth approximately $149,000. Finally, Polar Asset Management Partners Inc. bought a new stake in shares of Osisko Development in the 4th quarter worth about $196,000. 15.16% of the stock is currently owned by institutional investors and hedge funds.

About Osisko Development

Osisko Development Corp. acquires, explores, and develops mineral properties in Canada, Mexico, and the United States. It explores for gold; and precious and base metals. The company's flagship asset is the Cariboo Gold Project covering an area of approximately 155,000 hectares consisting of 415 mineral titles located in British Columbia, Canada.