Is Osisko Development Corp (NYSE: ODV) Still A Buy After A 3.33% Weekly Jump?

During the last session, Osisko Development Corp (NYSE:ODV)’s traded shares were 0.49 million. At the end of the trading day, the stock’s price was $2.17, reflecting an intraday gain of 6.90% or $0.14. The 52-week high for the ODV share is $3.65, that puts it down -68.2 from that peak though still a striking 21.66% gain since the share price plummeted to a 52-week low of $1.70. The company’s market capitalization is $185.40M, and the average intraday trading volume over the past 10 days was 0.21 million shares, and the average trade volume was 115.95K shares over the past three months.

Osisko Development Corp (NYSE:ODV) trade information

Osisko Development Corp (ODV) registered a 6.90% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 6.90% in intraday trading to $2.17, hitting a weekly high. The stock’s 5-day price performance is 3.33%, and it has moved by -1.36% in 30 days. Based on these gigs, the overall price performance for the year is -26.19%. The short interest in Osisko Development Corp (NYSE:ODV) is 0.22 million shares and it means that shorts have 1.89 day(s) to cover.

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Osisko Development Corp (ODV) estimates and forecasts

Statistics show that Osisko Development Corp has outperformed its competitors in share price, compared to the industry in which it operates. Osisko Development Corp (ODV) shares have gone down -4.82% during the last six months, with a year-to-date growth rate more than the industry average at 21.95% against 21.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 100.00% this quarter and then jump 100.00% in the quarter after that. In the rating firms’ projections, revenue will increase 1,529.40% compared to the previous financial year.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 43.17%.

ODV Dividends

Osisko Development Corp is due to release its next quarterly earnings in October. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Osisko Development Corp (NYSE:ODV)’s Major holders

Osisko Development Corp insiders own 39.88% of total outstanding shares while institutional holders control 15.22%, with the float percentage being 25.32%. FMR LLC is the largest shareholder of the company, while 39.0 institutions own stock in it. As of 2024-06-30, the company held over 3.51 million shares (or 4.1628% of all shares), a total value of $6.53 million in shares.

The next largest institutional holding, with 1.61 million shares, is of EQUINOX PARTNERS INVESTMENT MANAGEMENT LLC’s that is approximately 1.9075% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $2.99 million.