U S Global Investors Inc. Grows Position in Osisko Development Corp. $ODV

U S Global Investors Inc. grew its stake in Osisko Development Corp. (NYSE:ODV) by 150.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 250,000 shares of the company’s stock after purchasing an additional 150,000 shares during the period. U S Global Investors Inc.’s holdings in Osisko Development were worth $537,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Anson Funds Management LP boosted its position in Osisko Development by 25.1% in the 1st quarter. Anson Funds Management LP now owns 3,581,267 shares of the company’s stock worth $5,336,000 after purchasing an additional 718,049 shares in the last quarter. Vestcor Inc purchased a new position in shares of Osisko Development during the 1st quarter valued at approximately $1,118,000. Quarry LP purchased a new position in shares of Osisko Development during the 1st quarter valued at approximately $447,000. GMT Capital Corp purchased a new position in shares of Osisko Development during the 1st quarter valued at approximately $1,213,000. Finally, SeaBridge Investment Advisors LLC purchased a new position in shares of Osisko Development during the 2nd quarter valued at approximately $26,000. Hedge funds and other institutional investors own 15.16% of the company’s stock.

Osisko Development Trading Up 0.4%

Shares of ODV stock opened at $3.45 on Friday. The stock’s fifty day moving average is $2.93 and its two-hundred day moving average is $2.29. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.62 and a current ratio of 0.68. The firm has a market capitalization of $821.94 million, a P/E ratio of -4.20 and a beta of 0.70. Osisko Development Corp. has a fifty-two week low of $1.16 and a fifty-two week high of $3.81.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ODV shares. National Bankshares reiterated an “outperform” rating on shares of Osisko Development in a research report on Tuesday, June 24th. Wall Street Zen upgraded Osisko Development from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Osisko Development in a research report on Wednesday. Finally, Stifel Canada upgraded Osisko Development to a “strong-buy” rating in a research report on Tuesday, July 8th. One equities 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

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.