Osisko Development Corp. $ODV Position Reduced by Walleye Capital LLC

Walleye Capital LLC trimmed its position in Osisko Development Corp. (NYSE:ODV) by 63.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 620,146 shares of the company’s stock after selling 1,073,278 shares during the period. Walleye Capital LLC’s holdings in Osisko Development were worth $2,015,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. XTX Topco Ltd raised its stake 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 worth $81,000 after buying an additional 25,720 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Osisko Development in the second quarter valued at $258,000. Raymond James Financial Inc. bought a new position in Osisko Development during the second quarter valued at about $79,000. Gamco Investors INC. ET AL bought a new position in Osisko Development during the third quarter valued at about $159,000. Finally, Schroder Investment Management Group acquired a new position in Osisko Development during the third quarter worth about $13,380,000. 15.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on ODV shares. Stifel Nicolaus upgraded shares of Osisko Development to a “strong-buy” rating in a research report on Monday, June 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Osisko Development in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Osisko Development Trading Up 1.2%

Osisko Development stock opened at $2.30 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.33 and a current ratio of 2.37. The firm has a market cap of $702.82 million, a price-to-earnings ratio of -4.42 and a beta of 0.61. Osisko Development Corp. has a 1 year low of $2.14 and a 1 year high of $4.80. The firm’s 50 day moving average price is $2.56 and its two-hundred day moving average price is $3.22.

Osisko Development (NYSE:ODV) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Osisko Development had a negative return on equity of 10.46% and a negative net margin of 192.13%.The company had revenue of $1.59 million during the quarter, compared to the consensus estimate of $1.68 million. On average, research analysts predict that Osisko Development Corp. will post -0.04 EPS for the current fiscal year.

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.