754,799 Shares in Osisko Development Corp. $ODV Acquired by Ruffer LLP

Ruffer LLP bought a new position in shares of Osisko Development Corp. (NYSE:ODV) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 754,799 shares of the company’s stock, valued at approximately $2,638,000.

Other institutional investors have also made changes to their positions in the company. Bruce G. Allen Investments LLC acquired a new position in shares of Osisko Development during the 3rd quarter worth approximately $32,000. HM Payson & Co. acquired a new position in shares of Osisko Development during the 3rd quarter worth approximately $42,000. Norden Group LLC acquired a new position in shares of Osisko Development during the 4th quarter worth approximately $55,000. Squarepoint Ops LLC acquired a new position in shares of Osisko Development during the 3rd quarter worth approximately $57,000. Finally, Crown Wealth Group LLC acquired a new position in shares of Osisko Development during the 3rd quarter worth approximately $61,000. 15.16% of the stock is owned by institutional investors and hedge funds.

Osisko Development Stock Up 0.4%

ODV stock opened at $3.49 on Thursday. The company has a current ratio of 1.45, a quick ratio of 1.42 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $1.06 billion, a PE ratio of -4.10 and a beta of 0.75. Osisko Development Corp. has a 1-year low of $1.50 and a 1-year high of $4.80. The business’s 50 day simple moving average is $3.65 and its 200 day simple moving average is $3.56.

Osisko Development (NYSE:ODV) last issued its quarterly earnings data on Friday, March 27th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07. The firm had revenue of $2.19 million during the quarter, compared to analyst estimates of $2.19 million. As a group, research analysts anticipate that Osisko Development Corp. will post -0.1 EPS for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Osisko Development in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

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.