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Osisko Development Now Off Restriction at National Bank of Canada

BY MT Newswires | ECONOMIC | 11:30 AM EDT

11:30 AM EDT, 05/22/2026 (MT Newswires) -- National Bank of Canada on Friday reiterated its outperform rating on the shares of Osisko Development (OSDVF) with a C$8.00 price target as it came off restriction after the miner priced a US$275.0 million notes offering.

The offering consists of 4.125% convertible senior notes due 2031 at US$3.68, a 25% conversion premium to the May 20 close price being offered as a private placement to qualified institutional buyers.

Osisko also granted initial purchasers of the notes an option to purchase up to an additional US$25.0 million.

The offering and the private placement are expected to close May 26 and May 29, respectively.

Price: 3.72, Change: -0.04, Percent Change: -1.06

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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