Equities Analysts Issue Forecasts for ODV FY2024 Earnings

Osisko Development Corp. (NYSE:ODV) – Analysts at National Bank Financial issued their FY2024 earnings per share estimates for shares of Osisko Development in a research report issued to clients and investors on Thursday, November 14th. National Bank Financial analyst D. Demarco expects that the company will earn $0.00 per share for the year. The consensus estimate for Osisko Development’s current full-year earnings is ($0.16) per share. National Bank Financial also issued estimates for Osisko Development’s FY2025 earnings at ($0.17) EPS and FY2026 earnings at ($0.12) EPS.

Osisko Development Stock Up 0.7 %

Shares of NYSE ODV opened at $1.42 on Monday. The stock has a market capitalization of $148.57 million, a P/E ratio of -0.78 and a beta of 0.67. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.47 and a quick ratio of 0.57. Osisko Development has a 1 year low of $1.34 and a 1 year high of $3.19. The company has a 50-day moving average price of $2.01 and a 200-day moving average price of $2.05.

Hedge Funds Weigh In On Osisko Development

Institutional investors have recently modified their holdings of the business. Virtu Financial LLC purchased a new position in shares of Osisko Development in the first quarter valued at $48,000. Rathbones Group PLC bought a new position in Osisko Development in the second quarter valued at $34,000. Bayshore Asset Management LLC purchased a new position in shares of Osisko Development during the 3rd quarter valued at about $82,000. The Manufacturers Life Insurance Company purchased a new position in shares of Osisko Development during the third quarter worth approximately $1,824,000. Finally, Townsquare Capital LLC purchased a new position in Osisko Development in the 3rd quarter worth $34,000. 15.16% of the stock is owned by institutional investors.

About Osisko Development

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.