Osisko Development (NYSE:ODV) Releases Quarterly Earnings Results, Misses Estimates By $0.12 EPS

Osisko Development (NYSE:ODV) posted its earnings results on Friday. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.12), Zacks reports. The company had revenue of $3.20 million during the quarter.

Osisko Development Trading Up 2.2%

Shares of NYSE:ODV opened at $3.02 on Friday. The company’s 50-day moving average price is $3.21 and its two-hundred day moving average price is $2.54. Osisko Development has a one year low of $1.16 and a one year high of $3.89. 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 stock has a market capitalization of $722.48 million, a PE ratio of -2.72 and a beta of 0.69.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ODV shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Osisko Development in a report on Wednesday, October 8th. Wall Street Zen raised shares of Osisko Development from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Osisko Development currently has a consensus rating of “Moderate Buy”.

Institutional Trading of Osisko Development

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in Osisko Development in the second quarter valued at approximately $79,000. XTX Topco Ltd boosted its holdings in shares of Osisko Development by 210.2% in the 2nd quarter. XTX Topco Ltd now owns 37,955 shares of the company’s stock valued at $81,000 after buying an additional 25,720 shares during the last quarter. Walleye Capital LLC bought a new position in shares of Osisko Development in the second quarter valued at $212,000. Finally, Marshall Wace LLP bought a new position in shares of Osisko Development in the second quarter valued at $258,000. Institutional investors own 15.16% of the company’s stock.

Osisko Development Company Profile

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.