500,000 Shares in Osisko Development Corp. $ODV Purchased by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. bought a new stake in Osisko Development Corp. (NYSE:ODV) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 500,000 shares of the company’s stock, valued at approximately $1,641,000. Polar Asset Management Partners Inc. owned about 0.20% of Osisko Development as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of ODV. Bruce G. Allen Investments LLC bought a new position in shares of Osisko Development during the 3rd quarter worth approximately $32,000. HM Payson & Co. bought a new stake in shares of Osisko Development in the third quarter worth $42,000. Squarepoint Ops LLC acquired a new position in Osisko Development during the third quarter worth $57,000. Crown Wealth Group LLC acquired a new position in Osisko Development during the third quarter worth $61,000. Finally, Integrated Wealth Concepts LLC bought a new position in Osisko Development in the third quarter valued at $68,000. Institutional investors own 15.16% of the company’s stock.

Osisko Development Stock Down 8.3%

ODV stock opened at $3.08 on Friday. The company has a market cap of $938.17 million, a price-to-earnings ratio of -2.77 and a beta of 0.55. Osisko Development Corp. has a twelve month low of $1.36 and a twelve month high of $4.80. The business has a 50 day moving average price of $3.85 and a two-hundred day moving average price of $3.53. The company has a quick ratio of 1.29, a current ratio of 1.31 and a debt-to-equity ratio of 0.25.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Osisko Development in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Osisko Development Profile

Osisko Development Corp. is a Canadian mineral exploration and development company focused on advancing a portfolio of high-quality precious and base metal projects in stable jurisdictions. The company’s strategy centers on the acquisition, exploration, and development of gold, zinc and lead deposits that offer the potential for scalable, long-life operations. Headquartered in Montreal, Quebec, Osisko Development operates primarily across Western Canada.

The company’s flagship asset is the Cariboo gold project in central British Columbia, where it is engaged in step-out drilling, resource definition and permitting activities aimed at building a robust mineral inventory.