Osisko Development Corp (TSE:ODV)
NYSE:ODV
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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
Manageable Leverage
A modest debt-to-equity (~0.16 TTM) gives Osisko Development durable financial flexibility as it advances projects. Lower leverage limits interest burden and near-term solvency risk, making it easier to secure project financing or staged capital without excessive strain on cash flows.
Negative Factors
Heavy Cash Burn
Persistently negative operating cash flow and deeply negative free cash flow (~-$156M TTM) represent a material structural weakness. Over the medium term this necessitates repeated external financing or asset disposals, raising dilution risk and potentially slowing project advancement if capital markets tighten.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable Leverage
A modest debt-to-equity (~0.16 TTM) gives Osisko Development durable financial flexibility as it advances projects. Lower leverage limits interest burden and near-term solvency risk, making it easier to secure project financing or staged capital without excessive strain on cash flows.
Read all positive factors
Osisko Development (ODV) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.15B
Dividend YieldN/A
Average Volume (3M)133.41K
Price to Earnings (P/E)5.3
Beta (1Y)2.54
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. Volume171,504
30 Day Avg. Volume133,415
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$10.00Price Target Upside100.80% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.14
Revenue Forecast (FY)C$20.76M
Osisko Development Business Overview & Revenue Model
Company Description
Osisko 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 l...
How the Company Makes Money
Osisko Development’s ability to generate revenue primarily depends on whether it has operating mines in commercial production. If and when it operates producing assets, it would typically make money by selling produced metal (primarily gold, and p...
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 | 24.37M | -25.24M | -518.00K | -887.00K | 7.24M | -121.00K |
| EBITDA | -127.84M | -43.79M | -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
4.43
Negative
4.85
Negative
4.65
Negative
Market Momentum
-0.17
Positive
34.10
Neutral
27.43
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 4.23, above the 50-day MA of 4.43, and above the 200-day MA of 4.65, indicating a bearish trend. The MACD of -0.17 indicates Positive momentum. The RSI at 34.10 is Neutral, neither overbought nor oversold. The STOCH value of 27.43 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$798.73M | 5.06 | 13.02% | ― | 93.16% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | C$2.38B | -152.36 | -3.39% | ― | ― | ― | |
58 Neutral | C$1.31B | 15.56 | 4.55% | ― | ― | ― | |
50 Neutral | C$1.15B | 5.34 | -10.60% | ― | 1249.52% | 40.47% | |
47 Neutral | C$1.78B | -4.05 | -66.87% | ― | 135.64% | 18.28% | |
42 Neutral | C$920.30M | -24.55 | -1283.12% | ― | ― | ― |
* Basic Materials Sector Average
TSE:ODV
Osisko Development
3.72
1.16
45.31%
TSE:GAU
Galiano Gold
3.11
1.23
65.43%
TSE:ASE
Asante Gold
1.06
-0.11
-9.40%
TSE:RUP
Rupert Resources
10.01
4.76
90.67%
TSE:RIO
Rio2
3.02
1.94
179.63%
TSE:IAU
i-80 Gold Corp
2.10
1.37
187.67%
Osisko Development Corporate Events
Business Operations and StrategyExecutive/Board Changes
Osisko Development Grants New Long-Term Equity Incentives to Key Employees
Positive
Apr 2, 2026
Osisko Development has granted 1,104,400 stock options and 1,426,600 restricted share units to senior officers and non-executive employees as part of its annual compensation cycle under its omnibus equity incentive plan. The options are exercisabl...
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Osisko Development Bolsters Cash, Advances Cariboo as It Refocuses Portfolio
Positive
Mar 28, 2026
Osisko Development reported fourth-quarter 2025 revenue of $24.2 million and operating income of $8.7 million, driven by the sale of 3,970 gold ounces from small-scale activities at its Tintic Project, and ended the year with approximately $422.3 ...
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.