Osisko Development Corp. (ODV) Reports Q2 2025 Results; BMO Capital Maintains ‘Buy’ Rating

Osisko Development Corp. (NYSE:ODV) is one of the 11 Best Gold Penny Stocks to Buy According to Hedge Funds (and Precious Metals Stocks).

Osisko Development Corp. (ODV) Reports Q2 2025 Results; BMO Capital Maintains ‘Buy’ Rating

A closeup view of a large gold mine, illustrating the company’s gold properties.

On August 12, 2025, Osisko Development Corp. (NYSE:ODV) reported its Q2 2025 results. The company recorded a revenue increase from $2.6 million a year earlier to $6.9 million, thanks to the sale of 1,393 gold ounces of small-scale heap leach operations at the Tintic Project. As a result, the company ended the quarter with $46.3 million in cash. Furthermore, its balance sheet was strengthened with a $450 million credit facility from Appian Capital to fund Cariboo’s pre-construction and a 13,000-metre infill drilling program. The company also raised $195 million in equity on July 31. As per the 2025 feasibility study, 190,000 ounces of gold production per annum over 10 years, at an AISC of $1,157 per ounce, is projected.

Ahead of its Q2 earnings release, on July 25, 2025, BMO Capital maintained its ‘Buy’ rating on Osisko Development Corp. (NYSE:ODV) with a $4.36 price target.

Osisko Development Corp. (NYSE:ODV), a North American gold developer, focuses on advancing past-producing mining camps. It is included in our list of the Best Penny Stocks.

While we acknowledge the potential of ODV to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ODV and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 13 Best Oil Refinery Stocks to Buy Right Now and 7 Best Potash Stocks to Buy According to Analysts.

Disclosure: None.