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Osisko Development Corp.NYSE:ODV Stock Report

Market Cap US$776.1m
Share Price
US$2.65
US$6.47
59.1% undervalued intrinsic discount
1Y29.9%
7D1.9%
1D
Portfolio Value
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Osisko Development Corp.

NYSE:ODV Stock Report

Market Cap: US$776.1m

Osisko Development (ODV) Stock Overview

Acquires, explores, and develops precious metals resource properties in Canada, Mexico, and the United States. More details

ODV fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance0/6
Financial Health5/6
Dividends0/6

Rewards

Trading at 66.4% below our estimate of its fair value

Revenue is forecast to grow 120.36% per year

Analysts in good agreement that stock price will rise by 144.2%

Risk Analysis

Shareholders have been substantially diluted in the past year

Currently unprofitable and not forecast to become profitable over the next 3 years


ODV Community Fair Values

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Osisko Development Corp. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Osisko Development
Historical stock prices
Current Share PriceCA$2.65
52 Week HighCA$4.80
52 Week LowCA$1.97
Beta1.86
1 Month Change-1.49%
3 Month Change-10.17%
1 Year Change29.90%
3 Year Change-40.05%
5 Year Change-84.48%
Change since IPO-84.82%

Recent News & Updates

Seeking Alpha • Apr 16

Osisko Development: A $3 Billion Gold Mine You Can Buy For $1 Billion

Summary Osisko Development offers a fully permitted, fully funded Cariboo Gold Project in British Columbia, led by a proven mine-building team. Cariboo's feasibility study shows robust economics: AISC under $1,200/oz, NPV of C$3.25B at spot gold, and implied margins exceeding $3,600/oz. ODV trades at ~0.40x spot NAV, a significant discount to peers, presenting a compelling entry point given its de-risked funding and permitting status. I rate ODV a speculative buy under $3.50/share, citing exploration upside, M&A potential, and exceptional economics despite development and execution risks. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Apr 16

Osisko Development: A $3 Billion Gold Mine You Can Buy For $1 Billion

Summary Osisko Development offers a fully permitted, fully funded Cariboo Gold Project in British Columbia, led by a proven mine-building team. Cariboo's feasibility study shows robust economics: AISC under $1,200/oz, NPV of C$3.25B at spot gold, and implied margins exceeding $3,600/oz. ODV trades at ~0.40x spot NAV, a significant discount to peers, presenting a compelling entry point given its de-risked funding and permitting status. I rate ODV a speculative buy under $3.50/share, citing exploration upside, M&A potential, and exceptional economics despite development and execution risks. Read the full article on Seeking Alpha
Seeking Alpha • Apr 13

Osisko Development: Permits In Place, Construction Begins, And CEO Seeks Financing

Summary Maintain a “Hold” rating for Osisko Development Corp. due to financing challenges, despite progress with the Cariboo Gold Project and favorable gold price trends. Osisko's flagship Cariboo Gold Project has received necessary permits and shows promising low-cost production potential, but financing remains a critical issue. The Cariboo Gold Project's feasibility study indicates a 12-year production target of 1.87 million ounces of gold (164,000 oz annually) with very low AISC per ounce. Investors should consider increasing holdings only during significant price dips. The Central Bank rate cuts could significantly boost Osisko's share price and project viability. Read the full article on Seeking Alpha
Seeking Alpha • Oct 22

Analysing Osisko Development's Potential As It Balances Risk And Promise

Summary Osisko Development Corp. has potential with projects like Cariboo, but faces financial strain, shareholder dilution, and operational risks, making it a cautious "Hold" for now. The Cariboo Gold Project shows promise with high-grade gold reserves and favorable financial projections, especially with rising gold prices boosting its outlook. Financial challenges include a hefty C$588 million price tag for Cariboo, significant debt, and potential shareholder dilution from outstanding warrants and options. Gold prices are expected to rise due to geopolitical uncertainty, central bank gold hoarding, and low current investment in gold by private and professional investors. Read the full article on Seeking Alpha
Seeking Alpha • Jun 26

Osisko Development: Gold's Cyclical Is Your Friend, Lower Prices In Sight

Summary Reiterated "Hold" rating for Osisko Development Corp. Positive correlation between ODV stock prices and gold prices. Performance of ODV shares underperformed since the last rating, but there is a potential for a reversal in trend based on Fed interest rate policy. The Osisko share is influenced by traders' expectations of an interest rate cut by the US FED as the main trigger for changes in the gold price. Until the Fed pivots, raising the likelihood of the flagship Cariboo Gold project in BC, which bodes well for the stock price trend to return to positive, it is still possible for the investor in ODV to make a positive return if his holdings are adjusted as gold price changes. Read the full article on Seeking Alpha
Seeking Alpha • Feb 12

Osisko Development: Things To Consider Before Jumping On The Bandwagon

Summary Osisko's Cariboo Gold Project has promising mining potential, with an opportunity for upscaling high-grade gold resources through exploration. The stock appears to be trading cheaply based on the NPV estimate of the Cariboo Gold Project. However, uncertainty about the Cariboo Gold Project's pending permits and the prevailing volatility in gold prices will limit near-term upside in the share price. The stock can be a promising 'long' investment if Cariboo Gold passes the permitting stage. Until then, it's a 'hold'. Read the full article on Seeking Alpha
Seeking Alpha • Nov 24

Osisko Development: Upside Potential Intact, But Stocks Could Drop (Rating Downgrade)

Summary The shares of Osisko Development are rated "Hold" due to the potential upside of a gold bull market, while the company cultivates its project to become a mid-tier gold miner. The economic climate, with the risk of a recession, is favorable for gold as a safe haven investment. The stock price of Osisko Development Corp. has a strong positive correlation with the price of gold, indicating potential growth as the yellow metal has its bull market. Read the full article on Seeking Alpha
Seeking Alpha • Jul 25

Osisko Development: Portfolio Lacks Of Bite, But Upside Potential (Rating Upgrade)

Summary Osisko Development stock has been given a Buy rating due to the expected gold bull market and its strong positive correlation with the yellow metal, despite a previous Sell recommendation. The company's portfolio of mineral projects has not changed significantly from the previous rating while shares have served to benefit from gold price cycles. Risks include the possibility of no gold bull market, the company's high volatility compared to the stock market, and a portfolio of gold projects that lack real strength. Read the full article on Seeking Alpha

Shareholder Returns

ODVUS Metals and MiningUS Market
7D1.9%-0.5%1.4%
1Y29.9%77.2%25.7%

Return vs Industry: ODV underperformed the US Metals and Mining industry which returned 77.2% over the past year.

Return vs Market: ODV exceeded the US Market which returned 25.7% over the past year.

Price Volatility

Is ODV's price volatile compared to industry and market?
ODV volatility
ODV Average Weekly Movement8.0%
Metals and Mining Industry Average Movement9.6%
Market Average Movement7.2%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.1%

Stable Share Price: ODV has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: ODV's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a102Sean E. Roosenosiskodev.com

Osisko Development Corp., together with its subsidiaries, acquires, explores, and develops precious metals resource properties in Canada, Mexico, and the United States. The company explores for precious and base metal, gold, silver, lithium, copper, lead, and zinc deposits. Its flagship asset is the 100% owned Cariboo Gold Project, which covers an area of approximately 192,000 hectares consisting of 443 mineral and placer titles located in British Columbia, Canada.

Osisko Development Corp. Fundamentals Summary

How do Osisko Development's earnings and revenue compare to its market cap?
ODV fundamental statistics
Market capUS$776.05m
Earnings (TTM)-US$66.17m
Revenue (TTM)US$26.59m
29.2x
P/S Ratio
-11.7x
P/E Ratio

Is ODV overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ODV income statement (TTM)
RevenueCA$37.69m
Cost of RevenueCA$14.53m
Gross ProfitCA$23.17m
Other ExpensesCA$116.96m
Earnings-CA$93.79m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-0.31
Gross Margin61.46%
Net Profit Margin-248.84%
Debt/Equity Ratio15.9%

How did ODV perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/21 07:59
End of Day Share Price 2026/06/18 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Osisko Development Corp. is covered by 15 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew MikitchookBMO Capital Markets Equity Research
Matthew MurphyBMO Capital Markets Equity Research
Kevin MackenzieCanaccord Genuity