Black Maple Capital Management LP Lowers Holdings in Osisko Development Corp. $ODV

by · The Markets Daily

Black Maple Capital Management LP lowered its holdings in shares of Osisko Development Corp. (NYSE:ODV – Free Report) by 96.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,600 shares of the company’s stock after selling 707,033 shares during the quarter. Black Maple Capital Management LP’s holdings in Osisko Development were worth $63,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Anson Funds Management LP raised its position in shares of Osisko Development by 25.1% during the first quarter. Anson Funds Management LP now owns 3,581,267 shares of the company’s stock valued at $5,336,000 after buying an additional 718,049 shares during the last quarter. U S Global Investors Inc. increased 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 valued at $537,000 after acquiring an additional 150,000 shares during the last quarter. Focus Partners Advisor Solutions LLC purchased a new stake in Osisko Development in the 2nd quarter worth $82,000. Quarry LP bought a new position in shares of Osisko Development during the 1st quarter valued at about $447,000. Finally, Pinnacle Wealth Management Group Inc. purchased a new position in shares of Osisko Development during the second quarter valued at about $174,000. 15.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ODV has been the topic of a number of research analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Osisko Development in a research report on Monday, November 17th. Wall Street Zen raised Osisko Development from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Osisko Development in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Osisko Development presently has a consensus rating of “Moderate Buy”.

Get Our Latest Stock Analysis on ODV

Osisko Development Trading Up 1.1%

ODV opened at $4.08 on Friday. Osisko Development Corp. has a one year low of $1.16 and a one year high of $4.21. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.29 and a current ratio of 1.31. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -3.67 and a beta of 0.66. The stock’s 50 day moving average price is $3.38 and its 200-day moving average price is $2.82.

Osisko Development (NYSE:ODV – Get Free Report) last announced its quarterly earnings data on Friday, November 7th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.12). The business had revenue of $3.20 million during the quarter, compared to the consensus estimate of $0.36 million. On average, equities analysts forecast that Osisko Development Corp. will post -0.16 EPS for the current year.

Osisko Development Profile

(Free Report)

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.

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