Offering Details: Osisko Development Corp. has announced a private placement offering of flow-through shares, raising gross proceeds of C$30,010,020 through two tranches, with shares priced at C$6.69 and C$6.93 respectively.
Use of Proceeds: The funds will be allocated to eligible Canadian exploration expenses related to the Company's properties in British Columbia, with expenditures to be incurred by December 31, 2026.
Regulatory Approval: The offering is subject to regulatory approvals and is expected to close around October 29, 2025, with no statutory hold period for the flow-through shares.
Company Overview: Osisko Development Corp. focuses on gold development in North America, aiming to become an intermediate gold producer through its Cariboo Gold Project and other properties in Utah and Mexico.
ODV
$3.77+Infinity%1D
Analyst Views on ODV
Wall Street analysts forecast ODV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ODV is 5.36 USD with a low forecast of 5.00 USD and a high forecast of 5.71 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
Wall Street analysts forecast ODV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ODV is 5.36 USD with a low forecast of 5.00 USD and a high forecast of 5.71 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 3.800
Low
5.00
Averages
5.36
High
5.71
Current: 3.800
Low
5.00
Averages
5.36
High
5.71
RBC Capital
Harrison Reynolds
Outperform
maintain
$6 -> $7
2025-11-17
Reason
RBC Capital
Harrison Reynolds
Price Target
$6 -> $7
2025-11-17
maintain
Outperform
Reason
RBC Capital analyst Harrison Reynolds raised the firm's price target on Osisko Development to C$7 from C$6 and keeps an Outperform rating on the shares.
Stifel
Buy
maintain
$6 -> $8
2025-10-20
Reason
Stifel
Price Target
$6 -> $8
2025-10-20
maintain
Buy
Reason
Stifel raised the firm's price target on Osisko Development to C$8 from C$6 and keeps a Buy rating on the shares.
Stifel
Buy
initiated
$6
2025-07-08
Reason
Stifel
Price Target
$6
2025-07-08
initiated
Buy
Reason
Stifel initiated coverage of Osisko Development with a Buy rating and C$6 price target. The firm, which has a "tactical" gold price target of $3,800/oz on a six to twelve month view, argues that gold equities can "go much higher" compared to the price of gold and S&P 500. On copper, which the firm says is "under-owned," it advises increased exposure to take advantage of heightened supply stresses and estimates the incentive copper price is $5.00/lb.
National Bank
NULL -> Outperform
maintain
$5
2025-06-24
Reason
National Bank
Price Target
$5
2025-06-24
maintain
NULL -> Outperform
Reason
National Bank raised the firm's price target on Osisko Development to C$5 from C$4.75 and keeps an Outperform rating on the shares.
About ODV
Osisko Development Corp. is a gold development company focused on past-producing mining camps. Its projects include Cariboo Gold Project, Tintic Project, and San Antonio Gold Project in Sonora, Mexico. The Cariboo Gold Project is an advanced stage feasibility level gold project located in central British Columbia in the historical Wells-Barkerville mining camp. The total land package covers an area of 92,000 hectares (ha) and includes approximately 80 kilometers (km) strike of mineral targets. The Tintic Project is in western Utah County 95 km south of Salt Lake City. Its San Antonio Project is a past-producing oxide copper mine located in the state of Sonora, Mexico. Its James Bay Properties cover approximately 86,000 ha. It also operates Guerrero Properties located in Guerrero, Mexico totaling 9,600 square kilometers (km2) of tenements and 11,800 km2 area covered with dense stream sediment sampling.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
