Osisko Development Files Feasibility Study for Cariboo Gold Project

Osisko Development ( (TSE:ODV) ) has provided an announcement.

Osisko Development Corp. has filed a NI 43-101 feasibility study technical report for its Cariboo Gold Project in British Columbia, Canada. This report, prepared by independent consultants, supports the company’s previous announcement of an optimized feasibility study with significant after-tax net present value and internal rate of return, indicating a strong potential for profitability and growth in the gold mining sector.

The most recent analyst rating on (TSE:ODV) stock is a Buy with a C$5.50 price target. To see the full list of analyst forecasts on Osisko Development stock, see the TSE:ODV Stock Forecast page.

Spark’s Take on TSE:ODV Stock

According to Spark, TipRanks’ AI Analyst, TSE:ODV is a Neutral.

Osisko Development’s stock score is primarily impacted by its poor financial performance, characterized by declining revenues and high reliance on external financing. However, technical indicators suggest strong momentum, and recent corporate events indicate strategic progress, providing a moderate uplift to the overall score.

To see Spark’s full report on TSE:ODV stock, click here.

More about Osisko Development

Osisko Development Corp. is a North American gold development company focused on advancing past-producing mining camps in mining-friendly jurisdictions with district-scale potential. The company aims to become an intermediate gold producer by developing its flagship Cariboo Gold Project in British Columbia, Canada, and has additional projects in Utah, USA, and Sonora, Mexico.

Average Trading Volume: 81,862

Technical Sentiment Signal: Hold

Current Market Cap: C$416.8M

See more data about ODV stock on TipRanks’ Stock Analysis page.