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Osisko Development Corp (TSE:ODV)
:ODV

Osisko Development (ODV) AI Stock Analysis

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Osisko Development

(NYSE:ODV)

Rating:56Neutral
Price Target:
C$3.00
▲(5.26%Upside)
Osisko Development's overall score is primarily hindered by its financial challenges, including negative profitability and operational inefficiencies. However, positive technical indicators and strategic corporate developments, such as the Cariboo Project advancements, provide some optimism. The valuation remains a concern, but corporate events suggest potential future improvements.
Positive Factors
Production Growth Potential
ODV's portfolio offers both near- and medium-term production growth potential, enhancing its attractiveness to investors.
Project Development
ODV is expected to revalue towards higher levels as the company progresses on plans and financing for the Cariboo project and the Trixie mine.
Regulatory Approvals
Osisko Development received mine permits for the Cariboo Gold project, paving the way for future construction and operation.
Negative Factors
Financing Challenges
ODV is currently engaged in negotiations to secure financing packages, which may present challenges and affect project timelines.
Project Timeline Risks
The timeline for first production at the Cariboo project is set for 2028, which could be considered a long wait by some investors.

Osisko Development (ODV) vs. iShares MSCI Canada ETF (EWC)

Osisko Development Business Overview & Revenue Model

Company DescriptionOsisko Development Corp., a gold mining company, engages in the exploration, evaluation, and development of mining projects. The company's flagship project is the Cariboo Gold project covering an area of 2,071 square kilometers of mineral rights located in British Columbia, Canada. It also holds interest in James Bay Properties located in Québec, Canada; and San Antonio Gold Project and Guerrero Properties located in Guerrero, Mexico. The company is headquartered in Montreal, Canada.
How the Company Makes MoneyOsisko Development Corp generates revenue primarily through the sale of gold and other precious metals extracted from its mining operations. The company's core business model revolves around the discovery, development, and eventual production of gold deposits. Revenue streams are primarily derived from the production and sale of gold but may also include other metals such as silver. Osisko Development engages in strategic partnerships and joint ventures to optimize mining operations and reduce costs, contributing to its overall earnings. Key factors affecting its revenue include the volume of metal production, metal prices, and operational efficiencies achieved at its mining sites.

Osisko Development Financial Statement Overview

Summary
Osisko Development is facing financial challenges, with declining revenues, negative profitability, and reliance on external financing. The negative cash flows and high net losses indicate operational inefficiencies and potential liquidity issues. The company needs to improve its revenue generation and cost management to enhance its financial health.
Income Statement
35
Negative
The income statement reveals a company struggling with profitability, indicated by negative gross profit and net income for the latest year. The gross profit margin is negative, and the net profit margin is also significantly negative, reflecting substantial net losses. Revenue has decreased from the previous year, highlighting a decline in sales performance. These factors suggest issues in operational efficiency and revenue generation, contributing to a low score.
Balance Sheet
45
Neutral
The balance sheet shows a relatively stable equity position with a moderate debt-to-equity ratio. However, the return on equity is negative due to net losses, and the equity ratio indicates that equity forms a significant portion of the assets, which is generally positive. Despite these positives, the high liabilities and ongoing losses pose risks, leading to a moderate score.
Cash Flow
40
Negative
Cash flow analysis indicates challenges in generating positive free cash flow, with negative figures across the periods. Operating cash flow remains negative, leading to unfavorable cash flow to net income ratios. The company is heavily reliant on external financing to support its operations, reflecting potential liquidity risks. These factors contribute to a lower score.
Breakdown
TTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
2.79M4.56M31.63M64.05M7.66M0.00
Gross Profit
-311.00K-518.00K-887.00K7.24M-121.00K-1.02M
EBIT
-95.52M-73.31M-209.44M-87.86M-157.37M-8.30M
EBITDA
-84.78M-57.21M-179.49M-172.78M-141.29M1.73M
Net Income Common Stockholders
-115.69M-86.34M-181.87M-192.46M-133.30M-8.07M
Balance SheetCash, Cash Equivalents and Short-Term Investments
8.01M106.65M43.45M105.94M33.41M197.43M
Total Assets
397.26M856.90M763.88M968.20M703.12M802.14M
Total Debt
0.0046.64M18.60M19.09M13.63M2.04M
Net Debt
-8.01M-60.01M-24.86M-86.86M-19.78M-195.39M
Total Liabilities
12.50M286.27M178.69M237.76M118.92M102.58M
Stockholders Equity
355.01M570.63M585.19M730.43M584.20M699.57M
Cash FlowFree Cash Flow
-104.32M-88.93M-98.94M-127.62M-88.95M-72.71M
Operating Cash Flow
-55.75M-52.30M-43.78M-50.26M-41.41M-5.98M
Investing Cash Flow
-42.88M-35.23M-66.06M-145.92M-156.98M-61.97M
Financing Cash Flow
114.40M145.47M47.79M254.53M34.74M257.62M

Osisko Development Technical Analysis

Technical Analysis Sentiment
Positive
Last Price2.85
Price Trends
50DMA
2.42
Positive
100DMA
2.26
Positive
200DMA
2.45
Positive
Market Momentum
MACD
0.09
Negative
RSI
65.85
Neutral
STOCH
78.13
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ODV, the sentiment is Positive. The current price of 2.85 is above the 20-day moving average (MA) of 2.62, above the 50-day MA of 2.42, and above the 200-day MA of 2.45, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 65.85 is Neutral, neither overbought nor oversold. The STOCH value of 78.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ODV.

Osisko Development Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSMKO
76
Outperform
C$413.46M11.6639.70%56.13%98.44%
TSELE
74
Outperform
C$348.98M57.962.36%109.11%
TSOGN
70
Outperform
C$394.49M100.005.89%33.96%37.86%
TSODV
56
Neutral
C$389.46M-20.94%-90.67%42.62%
TSIAU
55
Neutral
C$654.14M-38.15%-1.62%-58.16%
51
Neutral
$2.02B-1.19-21.37%3.64%2.88%-30.57%
TSNFG
43
Neutral
$411.55M-75.61%41.94%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:ODV
Osisko Development
3.05
0.17
5.90%
TSE:OGN
Orogen Royalties
1.93
0.79
69.30%
TSE:ELE
Elemental Royalties
1.44
0.31
27.43%
TSE:MKO
Mako Mining Corp
5.18
1.88
56.97%
TSE:NFG
New Found Gold
2.07
-2.48
-54.51%
TSE:IAU
i-80 Gold Corp
0.88
-0.58
-39.73%

Osisko Development Corporate Events

M&A TransactionsBusiness Operations and Strategy
Osisko Development Advances Tintic Payment and Engages Marketing Services
Neutral
May 29, 2025

Osisko Development Corp. announced its intention to complete the third deferred payment for the Tintic Project acquisition by issuing common shares worth US$2.5 million to the sellers, pending approval from the TSX Venture Exchange. Additionally, the company has engaged Resource Stock Digest for a six-month marketing services agreement to enhance its investor relations and promotional activities, with the agreement also awaiting exchange approval.

The most recent analyst rating on (TSE:ODV) stock is a Buy with a C$5.50 price target. To see the full list of analyst forecasts on Osisko Development stock, see the TSE:ODV Stock Forecast page.

Executive/Board ChangesBusiness Operations and Strategy
Osisko Development Announces Annual Incentive Awards Grant
Positive
May 13, 2025

Osisko Development Corp. has announced its annual grant of incentive awards, which includes stock options, restricted share units, and deferred share units as part of its regular compensation cycle. This initiative, aligned with the company’s Omnibus Plan, aims to enhance employee and director engagement and retention, potentially strengthening its operational capabilities and market position.

The most recent analyst rating on (TSE:ODV) stock is a Buy with a C$5.50 price target. To see the full list of analyst forecasts on Osisko Development stock, see the TSE:ODV Stock Forecast page.

Executive/Board ChangesShareholder MeetingsBusiness Operations and Strategy
Osisko Development Corp. Announces Shareholders’ Meeting Outcomes
Positive
May 7, 2025

Osisko Development Corp. held its annual and special shareholders’ meeting on May 7, 2025, where 58.9% of the total issued and outstanding common shares were voted. Key outcomes included the election of directors, re-appointment of PricewaterhouseCoopers LLP as the independent auditor, and approval of the company’s omnibus equity incentive plan, which supersedes existing stock option and restricted share unit plans. These decisions are expected to support the company’s strategic objectives and enhance its operational efficiency.

Private Placements and FinancingBusiness Operations and StrategyFinancial Disclosures
Osisko Development Reports Strong Q1 2025 and Optimized Feasibility for Cariboo Gold Project
Positive
May 6, 2025

Osisko Development Corp. reported its first quarter 2025 results, highlighting a cash position of $77.6 million and ongoing project financing discussions for its Cariboo Gold Project. The company released an optimized feasibility study for the project, projecting strong economics with a net present value of $943 million and an internal rate of return of 22.1%. The project is designed for mechanized bulk mining with potential for future expansion, and initial capital costs are estimated at $881 million.

Delistings and Listing ChangesPrivate Placements and FinancingBusiness Operations and Strategy
Osisko Development Lists Warrants on TSX Venture Exchange
Positive
Apr 14, 2025

Osisko Development Corp. announced the supplemental listing of its common share purchase warrants on the TSX Venture Exchange, effective April 17, 2025, under the symbol ‘ODV.WT.V’. This move involves listing 51,109,776 warrants, issued through private placements in late 2024, which allow holders to purchase common shares at $3.00 each until October 2029. The company also plans to list these warrants on the NYSE, pending regulatory approvals. This strategic financial maneuver is expected to enhance liquidity and market presence, potentially benefiting stakeholders by providing more trading opportunities and aligning with the company’s growth objectives.

Executive/Board ChangesPrivate Placements and FinancingBusiness Operations and StrategyFinancial Disclosures
Osisko Development Achieves Key Milestone with Cariboo Gold Project Permits
Positive
Mar 29, 2025

Osisko Development Corp. reported its financial results for Q4 2024, highlighting a strong cash position and successful capital raises through private placements. The company has achieved full permitting for its Cariboo Gold Project, marking a significant milestone in its development. The project is now shovel-ready, with ongoing efforts to secure project financing and complete pre-construction activities. The appointment of a new independent director and the resignation of another board member were also noted, reflecting changes in the company’s governance structure.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.