National Bank Financial Weighs in on ODV FY2024 Earnings

Osisko Development Corp. (NYSE:ODV) – Equities researchers at National Bank Financial issued their FY2024 earnings estimates for Osisko Development in a report released 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 Performance

Osisko Development stock opened at $1.41 on Monday. The company has a current ratio of 0.47, a quick ratio of 0.57 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average of $2.03 and a 200-day moving average of $2.05. The firm has a market cap of $147.53 million, a P/E ratio of -0.78 and a beta of 0.67. Osisko Development has a 1-year low of $1.40 and a 1-year high of $3.19.

Institutional Trading of Osisko Development

Institutional investors have recently modified their holdings of the company. Townsquare Capital LLC purchased a new stake in shares of Osisko Development during the third quarter worth about $34,000. Rathbones Group PLC bought a new position in Osisko Development in the second quarter worth about $34,000. Virtu Financial LLC bought a new position in Osisko Development in the first quarter worth about $48,000. Jane Street Group LLC bought a new position in Osisko Development in the third quarter worth about $69,000. Finally, Bayshore Asset Management LLC bought a new position in Osisko Development in the third quarter worth about $82,000. 15.16% of the stock is currently owned by hedge funds and other 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.