Osisko Development (TSE:ODV)
:ODV
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Osisko Development
(ODV)
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Rating:45Neutral
Price Target:
C$5.00
▲(0.40% Upside)
Action:ReiteratedDate:03/29/26
The score is primarily constrained by weak financial performance—persistent large losses and significant cash burn—despite a comparatively stronger, low-leverage balance sheet. Technicals add downside pressure as the stock trades below all key moving averages with bearish MACD. Valuation offers limited support due to negative earnings and no dividend yield data.
Positive Factors
Low leverage balance sheet
The company's low reported leverage and sizable equity position create durable financial flexibility for a developer. This reduces near-term refinancing pressure, enables asset-backed financing or JV structuring, and supports continued project advancement despite operating losses over the medium term.
Negative Factors
Persistent negative cash flow
Sustained negative operating and free cash flow demonstrates structural cash burn, forcing reliance on external financing. Over the medium term this raises dilution and debt risks, constrains self-funding of capex and permitting, and heightens the chance of slowed project timelines absent funding improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage balance sheet
The company's low reported leverage and sizable equity position create durable financial flexibility for a developer. This reduces near-term refinancing pressure, enables asset-backed financing or JV structuring, and supports continued project advancement despite operating losses over the medium term.
Read all positive factors
Osisko Development (ODV) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.41B
Dividend YieldN/A
Average Volume (3M)248.68K
Price to Earnings (P/E)―
Beta (1Y)2.58
Revenue Growth-1.73%
EPS Growth37.26%
CountryCA
Employees100
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding304,596,740
10 Day Avg. Volume150,937
30 Day Avg. Volume248,679
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$9.95Price Target Upside99.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.17
Revenue Forecast (FY)C$20.03M
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
22
Negative
Balance Sheet
66
Positive
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 35.48M | 4.56M | 31.63M | 64.05M | 7.66M |
| Gross Profit | -25.24M | -518.00K | -887.00K | 7.24M | -121.00K |
| EBITDA | -43.79M | -57.21M | -176.33M | -172.78M | -143.01M |
| Net Income | -169.01M | -86.34M | -181.87M | -192.46M | -133.30M |
Balance Sheet | |||||
| Total Assets | 1.26B | 856.90M | 763.88M | 968.20M | 703.12M |
| Cash, Cash Equivalents and Short-Term Investments | 422.28M | 106.65M | 43.45M | 105.94M | 33.41M |
| Total Debt | 144.56M | 46.64M | 18.60M | 19.09M | 13.63M |
| Total Liabilities | 579.59M | 286.27M | 178.69M | 237.76M | 118.92M |
| Stockholders Equity | 682.69M | 570.63M | 585.19M | 730.43M | 584.20M |
Cash Flow | |||||
| Free Cash Flow | -120.87M | -88.93M | -98.94M | -127.62M | -88.95M |
| Operating Cash Flow | -25.00M | -52.30M | -43.78M | -50.26M | -41.41M |
| Investing Cash Flow | -102.79M | -35.23M | -66.06M | -145.92M | -156.98M |
| Financing Cash Flow | 446.84M | 145.47M | 47.79M | 254.53M | 34.74M |
Osisko Development Technical Analysis
Positive
4.98
Price Trends
5.03
Negative
5.01
Negative
4.51
Positive
Market Momentum
-0.06
Negative
57.63
Neutral
62.05
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 4.98 is above the 20-day moving average (MA) of 4.42, below the 50-day MA of 5.03, and above the 200-day MA of 4.51, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 57.63 is Neutral, neither overbought nor oversold. The STOCH value of 62.05 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | C$924.03M | 9.66 | -13.37% | ― | 114.30% | -2606.59% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | C$1.57B | -157.23 | -3.51% | ― | ― | ― | |
50 Neutral | C$1.86B | -6.94 | -48.77% | ― | 70.93% | 37.37% | |
46 Neutral | C$1.18B | -104.90 | -11.17% | ― | ― | ― | |
45 Neutral | C$1.41B | -4.90 | -30.09% | ― | -1.73% | 37.26% | |
42 Neutral | C$1.03B | -85.42 | 9999.00% | ― | 8.01% | -816.99% |
* Basic Materials Sector Average
TSE:ODV
Osisko Development
4.98
2.59
108.37%
TSE:GAU
Galiano Gold
3.54
1.60
82.47%
TSE:ASE
Asante Gold
1.50
0.38
33.93%
TSE:RUP
Rupert Resources
7.17
2.34
48.45%
TSE:RIO
Rio2
2.91
2.01
223.33%
TSE:IAU
i-80 Gold Corp
2.29
1.43
166.28%
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 ...
Business Operations and StrategyM&A Transactions
Osisko Development Sells San Antonio Gold Project, Retains 9.99% Stake in Axo Copper
Positive
Jan 28, 2026
Osisko Development Corp. has completed the sale of its 100% interest in the San Antonio Gold Project in Sonora, Mexico, to Axo Copper Corp. by divesting all the equity of its subsidiary Sapuchi Minera S. de R.L. de C.V. In return, Osisko Developme...
Business Operations and StrategyPrivate Placements and Financing
Osisko Development Launches US$125 Million Bought Deal to Advance Cariboo Gold Project
Positive
Jan 27, 2026
Osisko Development has launched a US$125 million bought deal public offering of 35.3 million common shares at US$3.54 per share, with an additional over-allotment option that could raise up to a further US$18.75 million. The company plans to use t...
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.