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Osisko Development ( (TSE:ODV) ) has provided an announcement.
On August 15, 2025, Osisko Development Corp. announced the successful closing of a US$203 million private placement financing. The funds will be used to support the construction of the Cariboo Gold Project and for general corporate purposes. This financing, combined with a previously announced US$450 million project loan, positions the company to advance its gold production capabilities and strengthen its market presence. The participation of Double Zero Capital LP, acquiring a significant stake, highlights investor confidence in Osisko’s strategic direction.
The most recent analyst rating on (TSE:ODV) stock is a Buy with a C$5.25 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 overall stock score reflects a mix of significant financial challenges and positive technical and corporate developments. The company’s financial performance is a major concern, with negative profitability and cash flow issues. However, the stock’s technical indicators are strong, and recent corporate events suggest potential for future growth, balancing 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 focusing on past-producing mining camps in mining-friendly jurisdictions with district-scale potential. The company aims to become an intermediate gold producer by advancing its flagship Cariboo Gold Project in central British Columbia, Canada, along with other projects in Utah, USA, and Sonora, Mexico.
Average Trading Volume: 91,137
Technical Sentiment Signal: Hold
Current Market Cap: C$485.1M
For a thorough assessment of ODV stock, go to TipRanks’ Stock Analysis page.