Focus Partners Advisor Solutions LLC Takes Position in Osisko Development Corp. $ODV

Focus Partners Advisor Solutions LLC bought a new position in Osisko Development Corp. (NYSE:ODV) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 38,333 shares of the company’s stock, valued at approximately $82,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Anson Funds Management LP boosted its position in shares of Osisko Development by 25.1% in the first 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 during the period. GMT Capital Corp bought a new stake in shares of Osisko Development during the 1st quarter valued at $1,213,000. Vestcor Inc purchased a new position in shares of Osisko Development during the 1st quarter valued at $1,118,000. Quarry LP bought a new position in Osisko Development in the 1st quarter worth $447,000. Finally, U S Global Investors Inc. boosted its holdings in Osisko Development by 150.0% in the 2nd quarter. U S Global Investors Inc. now owns 250,000 shares of the company’s stock worth $537,000 after buying an additional 150,000 shares during the period. Institutional investors own 15.16% of the company’s stock.

Analyst Ratings Changes

ODV has been the topic of a number of recent analyst reports. Wall Street Zen raised Osisko Development from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Osisko Development in a research report on Wednesday, October 8th. Finally, Stifel Canada raised Osisko Development to a “strong-buy” rating in a research note on Tuesday, July 8th. 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, Osisko Development presently has an average rating of “Moderate Buy”.

Osisko Development Stock Up 1.0%

Shares of ODV opened at $3.10 on Friday. The stock has a market capitalization of $743.33 million, a price-to-earnings ratio of -3.78 and a beta of 0.70. Osisko Development Corp. has a 1 year low of $1.16 and a 1 year high of $3.89. The business’s 50 day simple moving average is $3.18 and its 200-day simple moving average is $2.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.68 and a quick ratio of 0.62.

Osisko Development 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.