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Osisko Development ( (TSE:ODV) ) just unveiled an update.
On February 9, 2026, Osisko Development announced that its wholly owned subsidiary Barkerville Gold Mines Ltd. had signed a definitive Project and Construction Management Services Agreement with JDS Energy & Mining Inc. for the development of the Cariboo Gold Project in British Columbia. Management framed the deal as formalizing a partnership that brings additional planning and execution capacity, aiming to support an integrated, disciplined approach as the project moves into its next development phase.
JDS, a Western Canada-based mining services firm with a track record of delivering projects such as the Minto, Gahcho Kué and Silvertip mines, will provide project and construction management for Cariboo. The agreement marks a tangible step in progressing Osisko Development’s flagship asset from planning toward construction, potentially de-risking execution and strengthening the company’s positioning as it works to build an intermediate-scale gold producer in a mining-friendly jurisdiction.
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 strategy centers on becoming an intermediate gold producer through its fully permitted, 100%-owned Cariboo Gold Project in central British Columbia, complemented by the Tintic Project in Utah, a brownfield asset with significant exploration potential and existing infrastructure.
The company concentrates on developing long-life mining assets in mining-friendly jurisdictions, emphasizing disciplined capital allocation, development risk management and mineral inventory growth. This portfolio approach positions Osisko Development within the mid-tier gold space, targeting scalable production and leveraging historic mining data to accelerate project advancement.
YTD Price Performance: 6.24%
Average Trading Volume: 153,549
Technical Sentiment Signal: Hold
Current Market Cap: C$1.26B
For detailed information about ODV stock, go to TipRanks’ Stock Analysis page.