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Osisko Development
(NYSE:ODV)
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Rating:50Neutral
Price Target:
C$3.50
▼(-29.72% Downside)
Action:Reiterated
Date:05/14/26
The score is held back primarily by weak financial performance, driven by ongoing losses and heavy negative free cash flow despite modest revenue growth and manageable leverage. Technicals are mixed with neutral momentum signals, while valuation looks relatively favorable due to the low P/E but is offset by no dividend yield.
Positive Factors
Project-development business model
Osisko Development’s core model—advancing mineral projects toward production—creates multiple durable value paths: eventual metal sales, JV/partners funding, or asset monetization. This structural focus aligns incentives to build long‑lived cash‑generating assets if projects reach commercial scale.
Negative Factors
Persistent negative operating and free cash flow
Chronic cash burn forces reliance on external financing or asset sales to fund development. This structural funding need increases dilution or covenant risk, constrains investment pacing, and elevates execution risk for advancing projects toward production over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Project-development business model
Osisko Development’s core model—advancing mineral projects toward production—creates multiple durable value paths: eventual metal sales, JV/partners funding, or asset monetization. This structural focus aligns incentives to build long‑lived cash‑generating assets if projects reach commercial scale.
Read all positive factors
Osisko Development (ODV) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.05B
Dividend YieldN/A
Average Volume (3M)92.44K
Price to Earnings (P/E)―
Beta (1Y)2.69
Revenue Growth1249.52%
EPS Growth40.47%
CountryCA
Employees100
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.98
Shares Outstanding304,596,740
10 Day Avg. Volume82,163
30 Day Avg. Volume92,442
Financial Highlights & Ratios
PEG Ratio-0.12
Price to Book (P/B)1.21
Price to Sales (P/S)23.36
P/FCF Ratio-6.86
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$8.83Price Target Upside77.38% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.13
Revenue Forecast (FY)C$13.13M
Osisko Development Business Overview & Revenue Model
Company Description
Osisko Development Corp. operates as a gold-focused mining entity, primarily engaged in identifying, evaluating, and advancing various mining ventures. Its premier asset is the Cariboo Gold project, an extensive undertaking that encompasses 2,071 ...
How the Company Makes Money
Osisko Development makes money primarily by creating value in mineral assets and, when in production, selling refined metals derived from ore. Revenue generation can come from multiple stages of the mining lifecycle: (1) Metal sales (if/when a min...
Osisko Development Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
58
Neutral
Cash Flow
15
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 37.69M | 35.48M | 4.56M | 31.63M | 64.05M | 7.66M |
| Gross Profit | -14.07M | -25.24M | -518.00K | -887.00K | 7.24M | -121.00K |
| EBITDA | -85.82M | -146.59M | -57.21M | -176.33M | -172.78M | -143.01M |
| Net Income | -71.46M | -169.01M | -86.34M | -181.87M | -192.46M | -133.30M |
Balance Sheet | ||||||
| Total Assets | 1.50B | 1.26B | 856.90M | 763.88M | 968.20M | 703.12M |
| Cash, Cash Equivalents and Short-Term Investments | 594.29M | 422.28M | 106.65M | 43.45M | 105.94M | 33.41M |
| Total Debt | 155.96M | 144.56M | 46.64M | 18.60M | 19.09M | 13.63M |
| Total Liabilities | 516.31M | 579.59M | 286.27M | 178.69M | 237.76M | 118.92M |
| Stockholders Equity | 981.40M | 682.69M | 570.63M | 585.19M | 730.43M | 584.20M |
Cash Flow | ||||||
| Free Cash Flow | -156.04M | -120.87M | -88.93M | -98.94M | -127.62M | -88.95M |
| Operating Cash Flow | -10.61M | -25.00M | -52.30M | -43.78M | -50.26M | -41.41M |
| Investing Cash Flow | -151.67M | -102.79M | -35.23M | -66.06M | -145.92M | -156.98M |
| Financing Cash Flow | 674.59M | 446.84M | 145.47M | 47.79M | 254.53M | 34.74M |
Osisko Development Technical Analysis
Negative
4.98
Price Trends
3.79
Negative
4.35
Negative
4.60
Negative
Market Momentum
-0.10
Negative
40.45
Neutral
27.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ODV, the sentiment is Negative. The current price of 4.98 is above the 20-day moving average (MA) of 3.55, above the 50-day MA of 3.79, and above the 200-day MA of 4.60, indicating a bearish trend. The MACD of -0.10 indicates Negative momentum. The RSI at 40.45 is Neutral, neither overbought nor oversold. The STOCH value of 27.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ODV.
Osisko Development Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | C$692.22M | 17.18 | 13.02% | ― | 93.16% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | C$1.15B | 146.28 | 4.55% | ― | ― | ― | |
50 Neutral | C$1.05B | -3.37 | -10.60% | ― | 1249.52% | 40.47% | |
47 Neutral | C$1.71B | -4.99 | -66.87% | ― | 135.64% | 18.28% | |
41 Neutral | C$758.61M | -1.05 | -1283.12% | ― | ― | ― |
* Basic Materials Sector Average
TSE:ODV
Osisko Development
3.37
-0.23
-6.39%
TSE:GAU
Galiano Gold
2.54
0.57
28.93%
TSE:ASE
Asante Gold
0.85
-0.75
-46.88%
TSE:RIO
Rio2
2.62
1.02
63.75%
TSE:IAU
i-80 Gold Corp
1.90
1.03
118.39%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.