Osisko Development (ODV) AI Stock Analysis

• Market Cap: C$389.46M
• Dividend Yield: N/A
• Average Volume (3M): 69.24K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.29
• Revenue Growth: -90.67%
• EPS Growth: 42.62%
• Country: CA
• Employees: 100
• Sector: Basic Materials
• Sector Strength: 62
• Industry: Gold
• EPS (TTM): -0.08
• Shares Outstanding: 136,653,690
• 10 Day Avg. Volume: 79,590
• 30 Day Avg. Volume: 69,243
• PEG Ratio: 5.80
• Price to Book (P/B): 0.50
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.88
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$5.00
• Price Target Upside: 75.60% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 56 Neutral
• 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 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 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 Money

Osisko 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

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

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

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
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
2.79M	4.56M	31.63M	64.05M	7.66M	0.00
	Gross Profit
-311.00K	-518.00K	-887.00K	7.24M	-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	-141.29M	1.73M
	Net Income Common Stockholders
-115.69M	-86.34M	-181.87M	-192.46M	-133.30M	-8.07M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
8.01M	106.65M	43.45M	105.94M	33.41M	197.43M
	Total Assets
397.26M	856.90M	763.88M	968.20M	703.12M	802.14M
	Total Debt
0.00	46.64M	18.60M	19.09M	13.63M	2.04M
	Net Debt
-8.01M	-60.01M	-24.86M	-86.86M	-19.78M	-195.39M
	Total Liabilities
12.50M	286.27M	178.69M	237.76M	118.92M	102.58M
	Stockholders Equity
355.01M	570.63M	585.19M	730.43M	584.20M	699.57M
Cash Flow		Free 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
114.40M	145.47M	47.79M	254.53M	34.74M	257.62M

Osisko Development Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.85
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MKO	76 Outperform	C$413.46M	11.66	39.70%	―	56.13%	98.44%
ELE	74 Outperform	C$348.98M	57.96	2.36%	―	109.11%	―
OGN	70 Outperform	C$394.49M	100.00	5.89%	―	33.96%	37.86%
ODV	56 Neutral	C$389.46M	―	-20.94%	―	-90.67%	42.62%
IAU	55 Neutral	C$654.14M	―	-38.15%	―	-1.62%	-58.16%
Sector *	51 Neutral	$2.02B	-1.19	-21.37%	3.64%	2.88%	-30.57%
NFG	43 Neutral	$411.55M	―	-75.61%	―	―	41.94%

Osisko Development Corporate Events

Osisko Development Advances Tintic Payment and Engages Marketing Services

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.

Osisko Development Announces Annual Incentive Awards Grant

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.

Osisko Development Corp. Announces Shareholders’ Meeting Outcomes

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.

Osisko Development Reports Strong Q1 2025 and Optimized Feasibility for Cariboo Gold Project

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.

Osisko Development Lists Warrants on TSX Venture Exchange

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.

Osisko Development Achieves Key Milestone with Cariboo Gold Project Permits

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.