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The latest update is out from Osisko Development ( (TSE:ODV) ).
On February 3, 2026, Osisko Development Corp. completed a US$143.8 million bought-deal public offering of 40,607,650 common shares at US$3.54 per share, including the full exercise of the underwriters’ over-allotment option, with National Bank Capital Markets, RBC Capital Markets, Cantor and BMO Capital Markets acting as underwriters and receiving a 4.5% cash commission. The funds are earmarked primarily for infill conversion drilling and deeper exploration at the company’s flagship Cariboo Gold Project and for general working capital, with management characterizing 2026 as a key inflection year as it advances toward a final investment decision; insider Double Zero Capital LP participated for US$28.6 million under pre-emptive rights in a related-party transaction structured under MI 61-101 exemptions, and the financing remains subject to final TSX Venture Exchange approval.
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 gold development company focused on advancing past-producing mining camps with district-scale potential. Its primary objective is to become an intermediate gold producer through the development of its fully permitted, 100%-owned Cariboo Gold Project in central British Columbia, Canada, complemented by the Tintic Project in Utah, a brownfield property with significant exploration potential and existing infrastructure in mining-friendly jurisdictions.
Average Trading Volume: 143,854
Technical Sentiment Signal: Hold
Current Market Cap: C$1.17B
Learn more about ODV stock on TipRanks’ Stock Analysis page.