Osisko Development Advances Tintic Payment and Engages Marketing Services

The latest announcement is out from Osisko Development ( (TSE:ODV) ).

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.

Spark’s Take on TSE:ODV Stock

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

Osisko Development’s overall stock score reflects significant financial challenges, such as declining revenues and negative profitability, which heavily weigh down its attractiveness. While technical analysis offers some short-term optimism, the negative valuation metrics further impact the score. However, positive corporate developments related to the Cariboo Gold Project provide a potential for future recovery.

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

More about Osisko Development

Osisko Development Corp. is a North American gold development company focused on revitalizing past-producing mining camps in mining-friendly jurisdictions with district-scale potential. The company aims to become an intermediate gold producer by advancing its flagship Cariboo Gold Project in British Columbia, Canada, along with the Tintic Project in Utah, USA, and the San Antonio Gold Project in Sonora, Mexico. These projects are characterized by significant exploration potential, historical mining data, and access to existing infrastructure and skilled labor.

Average Trading Volume: 76,880

Technical Sentiment Signal: Sell

Current Market Cap: C$362.1M

Find detailed analytics on ODV stock on TipRanks’ Stock Analysis page.