Osisko Development (NYSE:ODV) Earns Sell (D-) Rating from Weiss Ratings

Osisko Development (NYSE:ODV)‘s stock had its “sell (d-)” rating reiterated by analysts at Weiss Ratings in a report released on Saturday,Weiss Ratings reports.

Several other analysts have also recently commented on ODV. Wall Street Zen raised Osisko Development from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. Stifel Canada upgraded Osisko Development to a “strong-buy” rating in a research note on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Osisko Development Price Performance

ODV stock opened at $3.26 on Friday. Osisko Development has a 1 year low of $1.16 and a 1 year high of $3.89. The firm has a market capitalization of $780.00 million, a P/E ratio of -3.97 and a beta of 0.70. 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’s 50-day moving average is $3.13 and its two-hundred day moving average is $2.44.

Hedge Funds Weigh In On Osisko Development

Several institutional investors have recently bought and sold shares of ODV. SeaBridge Investment Advisors LLC acquired a new position in shares of Osisko Development in the 2nd quarter worth approximately $26,000. HM Payson & Co. bought a new position in shares of Osisko Development in the 3rd quarter valued at about $42,000. Salem Investment Counselors Inc. bought a new position in Osisko Development during the second quarter worth about $30,000. Crown Wealth Group LLC bought a new stake in shares of Osisko Development during the third quarter worth approximately $61,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Osisko Development during the second quarter worth approximately $79,000. 15.16% of the stock is currently owned by institutional investors.

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.