Analysts Issue Forecasts for ODV FY2024 Earnings

Osisko Development Corp. (NYSE:ODV) – Equities researchers at National Bank Financial issued their FY2024 earnings estimates for Osisko Development in a research report issued on Thursday, November 14th. National Bank Financial analyst D. Demarco expects that the company will post earnings per share of $0.00 for the year. The consensus estimate for Osisko Development’s current full-year earnings is ($0.16) per share. National Bank Financial also issued estimates for Osisko Development’s FY2025 earnings at ($0.17) EPS and FY2026 earnings at ($0.12) EPS.

Osisko Development Trading Up 0.7 %

Shares of NYSE ODV opened at $1.42 on Monday. The firm’s 50 day moving average price is $2.01 and its 200-day moving average price is $2.05. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.57 and a current ratio of 0.47. Osisko Development has a 52-week low of $1.34 and a 52-week high of $3.19. The company has a market cap of $148.57 million, a PE ratio of -0.78 and a beta of 0.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company purchased a new stake in Osisko Development in the third quarter worth about $1,824,000. Bayshore Asset Management LLC purchased a new stake in Osisko Development in the 3rd quarter worth approximately $82,000. Jane Street Group LLC purchased a new stake in Osisko Development in the 3rd quarter worth approximately $69,000. Virtu Financial LLC bought a new stake in Osisko Development during the 1st quarter worth approximately $48,000. Finally, Rathbones Group PLC purchased a new position in Osisko Development during the second quarter valued at approximately $34,000. 15.16% of the stock is owned by hedge funds and other institutional investors.

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.