Amundi Acquires Shares of 8,350,000 Osisko Development Corp. $OGG

Amundi acquired a new position in Osisko Development Corp. (NYSE:OGG) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 8,350,000 shares of the company’s stock, valued at approximately $20,541,000.

Several other large investors have also recently bought and sold shares of OGG. XTX Topco Ltd raised its position in shares of Osisko Development by 210.2% during the second quarter. XTX Topco Ltd now owns 37,955 shares of the company’s stock worth $81,000 after acquiring an additional 25,720 shares during the last quarter. Walleye Capital LLC bought a new position in Osisko Development in the second quarter valued at about $212,000. Marshall Wace LLP bought a new position in Osisko Development in the second quarter valued at about $258,000. Raymond James Financial Inc. bought a new position in Osisko Development in the second quarter valued at about $79,000. Finally, Gamco Investors INC. ET AL acquired a new stake in Osisko Development in the third quarter worth about $159,000. Institutional investors and hedge funds own 15.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on OGG shares. Weiss Ratings raised Osisko Development from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, September 1st. Stifel Nicolaus upgraded shares of Osisko Development to a “strong-buy” rating in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Osisko Development has an average rating of “Buy”.

Osisko Development Trading Up 0.4%

OGG opened at $2.83 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.53 and a current ratio of 3.58. Osisko Development Corp. has a 12 month low of $2.18 and a 12 month high of $3.25. The company has a fifty day simple moving average of $2.56 and a 200 day simple moving average of $2.96.

About Osisko Development

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.