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An announcement from Osisko Development ( (TSE:ODV) ) is now available.
On October 9, 2025, Osisko Development Corp. announced an increase in its previously announced ‘bought deal’ financing to C$60 million due to high demand. The company plans to issue shares through the LIFE Offering and a concurrent private placement, with proceeds intended to fund the Cariboo Gold Project. The closing of these offerings is expected by October 29, 2025, pending regulatory approvals.
The most recent analyst rating on (TSE:ODV) stock is a Buy with a C$6.00 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.
The overall stock score is primarily influenced by financial performance challenges, including negative profitability and cash flow issues. However, positive technical indicators suggest some bullish momentum, partially offsetting the financial weaknesses. Valuation concerns due to negative earnings further weigh down the score.
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 advancing its flagship Cariboo Gold Project in British Columbia, Canada. The company aims to become an intermediate gold producer by developing mining assets in mining-friendly jurisdictions, with additional projects in Utah, USA, and Sonora, Mexico.
Average Trading Volume: 134,643
Technical Sentiment Signal: Hold
Current Market Cap: C$1.19B
Learn more about ODV stock on TipRanks’ Stock Analysis page.