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The latest announcement is out from Osisko Development ( (TSE:ODV) ).
Osisko Development Corp. has completed the sale of its 100% interest in the San Antonio Gold Project in Sonora, Mexico, to Axo Copper Corp. by divesting all the equity of its subsidiary Sapuchi Minera S. de R.L. de C.V. In return, Osisko Development received a 9.99% equity stake in Axo and negotiated a package of contingent payments tied to a Mexican VAT refund, the filing of a feasibility study on the project, and the first gold pour, as well as anti-dilution protections in the event of future Axo equity financings. The transaction monetizes a non-core asset while preserving upside exposure to San Antonio’s future development, potentially freeing capital and strategic focus for Osisko Development’s flagship Cariboo and Tintic projects and reinforcing its positioning as a disciplined gold developer in North America.
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 past-producing mining camps with district-scale potential. Its objective is to become an intermediate gold producer through the development of its fully permitted, 100%-owned Cariboo Gold Project in British Columbia, complemented by the Tintic Project in Utah, a brownfield asset with significant exploration upside and access to existing infrastructure. The company targets long-life mining assets in mining-friendly jurisdictions and emphasizes disciplined capital allocation, risk management, and mineral inventory growth.
Average Trading Volume: 116,973
Technical Sentiment Signal: Hold
Current Market Cap: C$1.35B
Learn more about ODV stock on TipRanks’ Stock Analysis page.