Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Osisko Development ( (TSE:ODV) ) just unveiled an update.
Osisko Development has launched a US$125 million bought deal public offering of 35.3 million common shares at US$3.54 per share, with an additional over-allotment option that could raise up to a further US$18.75 million. The company plans to use the proceeds primarily to fund infill conversion drilling and deep exploration at its flagship Cariboo Gold Project, as well as for general working capital, a move that should accelerate resource-to-reserve conversion and support integration of Cariboo into an eventual mine plan, reinforcing its development pipeline and positioning within the gold mining industry.
The most recent analyst rating on (TSE:ODV) stock is a Hold with a C$5.00 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.
The score is primarily held back by weak financial performance—large losses, negative gross profit, and sustained negative operating/free cash flow—despite a comparatively resilient balance sheet with low leverage. Technical indicators are mixed but slightly supportive (neutral RSI, mildly positive MACD, oversold stochastic), while valuation is difficult to assess because profitability is negative and no dividend yield is available.
To see Spark’s full report on TSE:ODV stock, click here.
More about Osisko Development
Osisko Development Corp. is a North American-focused precious metals company listed on the NYSE and TSX Venture Exchange, engaged in the exploration and development of gold projects. Its portfolio includes the Cariboo Gold Project in British Columbia, where it is working to advance mineral resources toward production through drilling, technical studies and mine plan integration, targeting long-term value creation in the gold mining sector.
Average Trading Volume: 114,537
Technical Sentiment Signal: Hold
Current Market Cap: C$1.34B
For a thorough assessment of ODV stock, go to TipRanks’ Stock Analysis page.