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Osisko Development
(ODV)
Osisko Development (ODV) vs. iShares MSCI Canada ETF (EWC)
Osisko Development Business Overview & Revenue Model
Osisko Development Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.02M | 4.56M | 31.63M | 64.05M | 7.66M | 0.00 |
| Gross Profit | -7.76M | -518.00K | -887.00K | 7.24M | -121.00K | -1.02M |
| EBITDA | -105.16M | -57.21M | -176.33M | -172.78M | -143.01M | 1.73M |
| Net Income | -134.41M | -86.34M | -181.87M | -192.46M | -133.30M | -8.07M |
Balance Sheet | ||||||
| Total Assets | 783.74M | 856.90M | 763.88M | 968.20M | 703.12M | 802.14M |
| Cash, Cash Equivalents and Short-Term Investments | 46.30M | 106.65M | 43.45M | 105.94M | 33.41M | 197.43M |
| Total Debt | 6.77M | 46.64M | 18.60M | 19.09M | 13.63M | 2.04M |
| Total Liabilities | 298.90M | 286.27M | 178.69M | 237.76M | 118.92M | 102.58M |
| Stockholders Equity | 484.83M | 570.63M | 585.19M | 730.43M | 584.20M | 699.57M |
Cash Flow | ||||||
| Free Cash Flow | -112.95M | -88.93M | -98.94M | -127.62M | -88.95M | -72.71M |
| Operating Cash Flow | -63.09M | -52.30M | -43.78M | -50.26M | -41.41M | -5.98M |
| Investing Cash Flow | -46.53M | -35.23M | -66.06M | -145.92M | -156.98M | -61.97M |
| Financing Cash Flow | 115.15M | 145.47M | 47.79M | 254.53M | 34.74M | 257.62M |
Osisko Development Technical Analysis
Osisko Development Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | C$128.81M | 28.11 | 6.34% | ― | 22.53% | ― | |
73 Outperform | C$566.33M | 17.12 | 29.30% | ― | 45.36% | -14.35% | |
63 Neutral | C$486.67M | 74.97 | 2.92% | ― | 131.18% | 150.47% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | C$1.00B | -3.01 | -37.59% | ― | 70.93% | 39.27% | |
44 Neutral | $984.82M | -3.59 | -46.07% | ― | -1.73% | 37.26% | |
43 Neutral | C$675.64M | ― | -50.06% | ― | ― | 28.06% |
Osisko Development Corporate Events
Osisko Development Corp. is a North American gold development company focused on advancing its flagship Cariboo Gold Project in British Columbia, Canada, along with other projects in Utah, USA, and Sonora, Mexico. In its third quarter of 2025, Osisko Development reported significant financial activities, including maintaining a cash balance of $401.4 million and securing $137.2 million under a financing facility. The company also completed private placements totaling $280.4 million and advanced its Cariboo Gold Project through pre-construction and underground development activities. Key financial metrics for the quarter included $4.4 million in revenues from gold sales and ongoing strategic developments at the Cariboo Gold Project, supported by a US$450 million financing facility. The company is progressing with a 13,000-meter infill drill program and pre-construction activities, aiming for construction readiness. Looking ahead, Osisko Development remains focused on advancing its projects, with management optimistic about achieving key milestones and continuing to develop its mining assets responsibly.
On November 10, 2025, Osisko Development Corp. reported its third-quarter results for 2025, highlighting significant financial and operational developments. The company had approximately $401.4 million in cash and cash equivalents as of September 30, 2025, and drew $137.2 million under a US$450 million financing facility from Appian Capital Advisory Limited to advance its Cariboo Gold Project. The company also completed private placements for gross proceeds of $280.4 million and $82.5 million, respectively, and sold 877 ounces of gold from its Tintic Project. The Cariboo Gold Project saw advancements in pre-construction activities and underground development, with a 13,000-meter infill drill program underway to support mine planning and resource modeling. These developments position Osisko Development to continue progressing its key projects and enhance its financial flexibility.
The most recent analyst rating on (TSE:ODV) stock is a Hold with a C$4.00 price target. To see the full list of analyst forecasts on Osisko Development stock, see the TSE:ODV Stock Forecast page.
On November 3, 2025, Osisko Development Corp. announced the appointment of Scott Smith as Vice President of Exploration, effective November 1, 2025. Smith, who brings over 30 years of experience in the mining sector, will enhance the company’s exploration capabilities, particularly for the Cariboo Gold Project. His extensive background in mine production and exploration across North and South America positions him to significantly contribute to the company’s growth and exploration strategies.
The most recent analyst rating on (TSE:ODV) stock is a Hold with a C$4.00 price target. To see the full list of analyst forecasts on Osisko Development stock, see the TSE:ODV Stock Forecast page.
On October 29, 2025, Osisko Development Corp. announced the successful closing of an oversubscribed private placement, raising approximately C$82.5 million through the issuance of 15,409,798 common shares. The funds will be used to support the construction of the Cariboo Gold Project and related pre-construction activities. The offering included flow-through shares to fund eligible Canadian exploration expenses, with a portion of shares subscribed by insider Double Zero Capital LP. This strategic financial move is expected to bolster Osisko’s operations and strengthen its position in the gold development industry.
The most recent analyst rating on (TSE:ODV) stock is a Hold with a C$4.00 price target. To see the full list of analyst forecasts on Osisko Development stock, see the TSE:ODV Stock Forecast page.
On October 17, 2025, Osisko Development Corp., through its subsidiary Barkerville Gold Mines Ltd., acquired 6,250,000 units of Falco Resources Ltd. for C$2,000,000 in a private placement. This acquisition increases Osisko’s holdings in Falco, reflecting its investment strategy and potential influence in the gold mining sector. The move is part of Osisko’s broader strategy to enhance its portfolio and strengthen its market position in the mining industry.
The most recent analyst rating on (TSE:ODV) stock is a Hold with a C$4.00 price target. To see the full list of analyst forecasts on Osisko Development stock, see the TSE:ODV Stock Forecast page.
On October 15, 2025, Osisko Development Corp. announced an increase in its ‘bought deal’ financing from C$60 million to C$75 million due to excess demand. The company has amended its agreement with underwriters to expand the Concurrent Private Placement by approximately C$15 million, resulting in gross proceeds of C$25,000,356. The closing of the LIFE Offering and the Concurrent Private Placement is expected on October 29, 2025, pending regulatory approvals. This move is poised to enhance Osisko’s financial position, supporting its growth strategy and potentially strengthening its market presence in the gold development sector.
The most recent analyst rating on (TSE:ODV) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Osisko Development stock, see the TSE:ODV Stock Forecast page.
On October 9, 2025, Osisko Development Corp. announced an increase in its previously announced ‘bought deal’ financing to C$60 million due to high demand. The company plans to issue shares through the LIFE Offering and a concurrent private placement, with proceeds intended to fund the Cariboo Gold Project. The closing of these offerings is expected by October 29, 2025, pending regulatory approvals.
The most recent analyst rating on (TSE:ODV) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Osisko Development stock, see the TSE:ODV Stock Forecast page.
On October 8, 2025, Osisko Development Corp. announced a C$30 million bought deal offering of flow-through shares, divided into national and British Columbia tranches, to fund eligible Canadian exploration expenses. The offering is expected to close by October 29, 2025, pending regulatory approvals, and aims to support exploration activities on the company’s properties in British Columbia, potentially enhancing its operational capabilities and market positioning.
The most recent analyst rating on (TSE:ODV) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Osisko Development stock, see the TSE:ODV Stock Forecast page.
Osisko Development Corp. has announced promising results from its ongoing 13,000-meter infill drilling program at the Cariboo Gold Project’s Lowhee Zone. The initial results, which include high-grade gold intercepts, demonstrate good continuity with modelled vein zones and planned stopes, underscoring the potential for expanding existing zones and delineating new ones. This systematic drilling effort aims to enhance resource modelling and optimize mine planning, potentially impacting future production strategies.
The most recent analyst rating on (TSE:ODV) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Osisko Development stock, see the TSE:ODV Stock Forecast page.
Osisko Development Corp. has announced promising results from its infill and exploration drilling at the Lowhee Zone of the Cariboo Gold Project, with significant gold intercepts indicating potential for resource expansion. The ongoing 13,000-meter infill drill program aims to enhance resource modeling and optimize mine planning, which could strengthen the company’s position in the gold mining sector and potentially benefit stakeholders through increased resource estimates.
The most recent analyst rating on (TSE:ODV) stock is a Hold with a C$4.00 price target. To see the full list of analyst forecasts on Osisko Development stock, see the TSE:ODV Stock Forecast page.
On August 15, 2025, Osisko Development Corp. entered into an Investor Rights Agreement with Double Zero Capital LP, following a subscription agreement where Double Zero Capital acquired 36,600,000 units of Osisko, including common shares and warrants. This acquisition represents approximately 15.4% of Osisko’s common shares, enhancing Double Zero Capital’s influence and involvement in Osisko’s strategic decisions. This move is likely to impact Osisko’s market positioning and stakeholder dynamics, providing the company with additional capital and strategic support.
The most recent analyst rating on (TSE:ODV) stock is a Hold with a C$4.00 price target. To see the full list of analyst forecasts on Osisko Development stock, see the TSE:ODV Stock Forecast page.
Osisko Development Corp. announced the grant of 58,824 deferred share units to independent director Susan Craig, following her recent appointment to the board. This move aligns with the company’s incentive plan and reflects its commitment to strengthening its leadership team as it advances its strategic objectives in the gold development sector.
The most recent analyst rating on (TSE:ODV) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Osisko Development stock, see the TSE:ODV Stock Forecast page.
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.
On July 21, 2025, Osisko Development Corp. entered into a credit agreement with Appian Capital Advisory Limited for a senior secured project loan credit facility totaling US$450 million. This facility aims to fund the development and construction of the Cariboo Gold Project. The initial draw of US$100 million will be used for various activities, including a 13,000-meter infill drill campaign and repayment of existing debt. The credit facility is structured in two tranches and is expected to significantly impact the company’s operations and financial positioning by supporting the Cariboo Project’s development.
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.
On July 21, 2025, Osisko Development Corp. entered into a credit agreement involving Barkerville Gold Mines Ltd. as the borrower, with Appian ODV (Jersey) Ltd. and other lenders providing the facility. This agreement is aimed at financing the development, construction, and working capital requirements of a project, as well as covering general corporate and administrative expenses. The arrangement underscores Osisko Development’s strategic financial planning and its commitment to advancing its projects, potentially strengthening its position in the mining sector.
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.
Osisko Development Corp. is a North American gold development company focused on advancing its flagship Cariboo Gold Project in British Columbia, Canada, along with other projects in Utah, USA, and Sonora, Mexico. The company aims to become an intermediate gold producer by developing mining assets in historically productive regions.