Osisko Development Corp.

NYSE:ODV Stock Report

Market Cap: US$776.1m

Osisko Development Management

Management criteria checks 3/4

Osisko Development's CEO is Sean E. Roosen, appointed in Nov 2020, has a tenure of 5.58 years. total yearly compensation is CA$3.44M, comprised of 15.3% salary and 84.7% bonuses, including company stock and options. directly owns 0.32% of the company’s shares, worth $2.51M. The average tenure of the management team and the board of directors is 3.9 years and 5.6 years respectively.

Key information

Sean E. Roosen

Chief executive officer

CA$3.4m

Total compensation

CEO salary percentage15.28%
CEO tenure5.6yrs
CEO ownership0.3%
Management average tenure3.9yrs
Board average tenure5.6yrs

Recent management updates

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

CEO Compensation Analysis

How has Sean E. Roosen's remuneration changed compared to Osisko Development's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

-CA$94m

Dec 31 2025CA$3mCA$525k

-CA$159m

Sep 30 2025n/an/a

-CA$218m

Jun 30 2025n/an/a

-CA$101m

Mar 31 2025n/an/a

-CA$83m

Dec 31 2024CA$2mCA$525k

-CA$57m

Sep 30 2024n/an/a

-CA$209m

Jun 30 2024n/an/a

-CA$182m

Mar 31 2024n/an/a

-CA$167m

Dec 31 2023CA$2mCA$525k

-CA$182m

Sep 30 2023n/an/a

-CA$109m

Jun 30 2023n/an/a

-CA$205m

Mar 31 2023n/an/a

-CA$193m

Dec 31 2022CA$3mCA$525k

-CA$192m

Sep 30 2022n/an/a

-CA$184m

Jun 30 2022n/an/a

-CA$112m

Mar 31 2022n/an/a

-CA$152m

Dec 31 2021CA$3mCA$525k

-CA$133m

Sep 30 2021n/an/a

-CA$85m

Jun 30 2021n/an/a

-CA$53m

Mar 31 2021n/an/a

-CA$11m

Dec 31 2020CA$1mCA$35k

-CA$8m

Compensation vs Market: Sean E.'s total compensation ($USD2.42M) is below average for companies of similar size in the US market ($USD3.70M).

Compensation vs Earnings: Sean E.'s compensation has increased whilst the company is unprofitable.

CEO

Sean E. Roosen (63 yo)

5.6yrs
Tenure
CA$3,436,392
Compensation

Mr. Sean E. O. Roosen, Eng., is Director of Sirios Resources Inc. from February 2026. He is Member of Advisory Board of Streamex Corp. (formerly known as BioSig Technologies, Inc.) He is Non-Independent Ch...

Leadership Team

NamePositionTenureCompensationOwnership
Sean E. Roosen
Non-Independent Chairman & CEO5.6yrsCA$3.44m0.32%
$ 2.5m
Chris Lodder
President5.6yrsCA$2.48m0.045%
$ 349.1k
Alexander Dann
CFO & VP of Finance5.3yrsCA$2.05m0.032%
$ 246.0k
Laurence Farmer
General Counsel3.9yrsCA$1.94m0.011%
$ 87.8k
David Rouleau
Vice President of Project Developmentno dataCA$1.51m0.011%
$ 87.2k
Philip Rabenok
Vice President of Investor Relations3.5yrsno data0.013%
$ 99.3k
Sarah Harrison
Vice President of Permitting & Complianceless than a yearno datano data
Scott Smith
Vice President of Explorationless than a yearno datano data
3.9yrs
Average Tenure
63yo
Average Age

Experienced Management: ODV's management team is considered experienced (3.9 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Sean E. Roosen
Non-Independent Chairman & CEO5.6yrsCA$3.44m0.32%
$ 2.5m
Stephen Quin
Independent Director1.5yrsCA$127.00k0.0049%
$ 38.2k
Charles Page
Lead Independent Director5.6yrsCA$323.00k0.054%
$ 420.2k
David Danziger
Independent Non-Executive Director3.5yrsCA$203.00k0.0066%
$ 51.6k
Duncan Middlemiss
Independent Director5.6yrsCA$219.00k0.011%
$ 84.7k
Susan Craig
Independent Director1yrCA$240.50k0.0049%
$ 38.2k
Michele McCarthy
Independent Director5.6yrsCA$232.50k0.0095%
$ 74.1k
5.6yrs
Average Tenure
66yo
Average Age

Experienced Board: ODV's board of directors are considered experienced (5.6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/21 10:41
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

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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