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The latest update is out from Osisko Development ( (TSE:ODV) ).
On October 15, 2025, Osisko Development Corp. announced an increase in its ‘bought deal’ financing from C$60 million to C$75 million due to excess demand. The company has amended its agreement with underwriters to expand the Concurrent Private Placement by approximately C$15 million, resulting in gross proceeds of C$25,000,356. The closing of the LIFE Offering and the Concurrent Private Placement is expected on October 29, 2025, pending regulatory approvals. This move is poised to enhance Osisko’s financial position, supporting its growth strategy and potentially strengthening its market presence in the gold development sector.
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 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 other projects in Utah, USA, and Sonora, Mexico. Osisko Development emphasizes developing long-life, socially and environmentally responsible mining assets while minimizing development risk and expanding mineral resources.
Average Trading Volume: 153,332
Technical Sentiment Signal: Hold
Current Market Cap: C$1.15B
For a thorough assessment of ODV stock, go to TipRanks’ Stock Analysis page.