Osisko Development (ODV) AI Stock Analysis

• Market Cap: $312.83M
• Dividend Yield: N/A
• Average Volume (3M): 93.71K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.36
• Revenue Growth: -85.58%
• EPS Growth: 56.12%
• Country: CA
• Employees: 100
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.96
• Shares Outstanding: 136,608,180
• 10 Day Avg. Volume: 141,631
• 30 Day Avg. Volume: 93,709
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 26.44
• Price to Cash Flow (P/CF): -6.20
• P/FCF Ratio: 0.00
• 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$4.99
• Price Target Upside: 116.17% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

Osisko Development's overall stock score is impacted by significant financial struggles, including declining revenues and profitability issues. While technical indicators show some potential, the valuation remains a key concern. Positive corporate events, such as the Cariboo Gold Project milestones and warrant listings, provide some optimism for future growth.

Positive Factors

Permits and Approvals

Osisko Development announced a significant milestone - the company received mine permits for construction and operation of the Cariboo Gold project with environmental management permits expected soon.

Production Growth Potential

ODV's portfolio provides both near- and medium-term production growth potential.

Project Financing

ODV is expected to revalue towards higher levels as the company delivers plans and financing for the Cariboo project in BC and the Trixie mine in Utah.

Negative Factors

Osisko Development Business Overview & Revenue Model

Company Description

Osisko Development (ODV) is a Canadian-based mining company focused on the exploration and development of precious metal resources. The company is involved in advancing a portfolio of high-quality gold projects located in North America, with a primary focus on the Cariboo Gold Project in British Columbia, Canada. Osisko Development aims to become a leading intermediate gold producer by leveraging its technical expertise and strategic partnerships to enhance the value of its assets.

How the Company Makes Money

Osisko Development makes money primarily through the exploration and development of gold mining projects, which involves identifying, acquiring, and developing mineral-rich properties. The company generates revenue by extracting and selling precious metals, particularly gold. Key revenue streams include the sale of gold produced from its mining operations and potential royalties or streaming agreements. Osisko Development may also engage in strategic partnerships or joint ventures to optimize resource extraction and expand its project portfolio. Additionally, the company might leverage its technical expertise and proprietary technology to enhance operational efficiencies and reduce production costs, contributing to its overall profitability.

Osisko Development Financial Statement Overview

Summary

Osisko Development is experiencing significant financial challenges. The income statement indicates severe operational inefficiencies with declining revenue and negative profitability margins. The balance sheet shows a strong equity position but is overshadowed by high liabilities and a shrinking asset base. The cash flow statement highlights critical liquidity issues with negative free cash flow, indicating an inability to fund operations efficiently.

Income Statement

Osisko Development's income statement highlights significant challenges. The company has experienced a dramatic decline in revenue, with a TTM revenue of $11.47 million, down from $31.63 million the previous year. Gross profit is negative, indicating the cost of sales exceeds revenues. Net income remains deeply negative at -$208.63 million for TTM, reflecting ongoing operational challenges. The EBIT and EBITDA margins are also negative, demonstrating weak operating efficiency and profitability.

Balance Sheet

The balance sheet shows a strong equity position with a stockholders' equity of $528.87 million, which is a positive sign. However, the debt-to-equity ratio stands at 0.01, indicating minimal leverage. The equity ratio is substantial at 68.93%, suggesting a solid asset backing. Despite these strengths, the company has a declining asset base and high liabilities, which could pose future risks.

Cash Flow

Osisko Development's cash flow statement reveals significant cash management issues. The company has a negative free cash flow of -$87.86 million for TTM, reflecting high capital expenditures and insufficient operating cash flows. The operating cash flow to net income ratio is negative, indicating the company's operations are not generating enough cash to cover net losses, which is concerning.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
11.47M	31.63M	64.05M	7.66M	0.00	0.00
	Gross Profit
-1.31M	-887.00K	7.24M	-121.00K	-1.02M	0.00
	EBIT
-192.60M	-209.44M	-87.86M	-157.37M	-8.30M	-53.83M
	EBITDA
-201.87M	-179.49M	-172.78M	-141.29M	1.73M	-44.37M
	Net Income Common Stockholders
-208.63M	-181.87M	-192.46M	-133.30M	-8.07M	-75.70M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
8.01M	43.45M	105.94M	33.41M	197.43M	8.01M
	Total Assets
0.00	763.88M	968.20M	703.12M	802.14M	397.26M
	Total Debt
0.00	18.60M	19.09M	13.63M	2.04M	0.00
	Net Debt
8.01M	-24.86M	-86.86M	-19.78M	-195.39M	-8.01M
	Total Liabilities
0.00	178.69M	237.76M	118.92M	102.58M	42.24M
	Stockholders Equity
355.01M	585.19M	730.43M	584.20M	699.57M	355.01M
Cash Flow		Free Cash Flow
-87.86M	-98.94M	-127.62M	-88.95M	-72.71M	-14.15M
	Operating Cash Flow
-44.70M	-43.78M	-50.26M	-41.41M	-5.98M	-8.44M
	Investing Cash Flow
-45.13M	-66.06M	-145.92M	-156.98M	-61.97M	2.77M
	Financing Cash Flow
58.47M	47.79M	254.53M	34.74M	257.62M	12.41M

Osisko Development Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.31
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 2.31 is above the 20-day moving average (MA) of 2.16, above the 50-day MA of 2.05, and below the 200-day MA of 2.50, indicating a neutral trend. The MACD of 0.05 indicates Negative momentum. The RSI at 61.44 is Neutral, neither overbought nor oversold. The STOCH value of 80.96 is Negative, 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
AEM	80 Outperform	$83.04B	31.62	9.42%	1.32%	26.99%	-6.63%
WDO	78 Outperform	C$2.65B	19.96	27.15%	―	67.54%	―
NGD	73 Outperform	$4.03B	29.62	11.14%	―	18.32%	―
SSL	68 Neutral	$3.23B	167.17	1.00%	0.69%	-0.35%	-65.11%
Sector *	48 Neutral	$1.92B	-1.99	-22.85%	3.95%	0.94%	-27.31%
ODV	47 Neutral	$312.83M	―	-14.99%	―	-85.58%	56.12%

Osisko Development Corporate Events

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.

Spark’s Take on TSE:ODV Stock

According to Spark, TipRanks’ AI Analyst, TSE:ODV is a Neutral.

Osisko Development’s overall stock score is impacted by its financial struggles, including declining revenues and profitability issues. The technical analysis suggests potential bearish momentum, and valuation remains a concern due to the negative P/E ratio. However, notable progress in the Cariboo Gold Project provides some positive outlook.

To see Spark’s full report on TSE:ODV stock, click here.

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.