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Osisko Gold Group

OGG.V
27
Gold · Basic Materials
Price
C$3.90
+0.18 (+4.84%)
Market Cap
C$1.19B
Exchange
Toronto Stock Exchange Ventures
Winston Score
27
Winston is worried
Below-average fundamentals — multiple weak pillars.
Data as of Aug 9, 2026 · filings through Mar 31, 2026

Share count rising — dilution

+304.6% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 44.0M (2021) → 178.2M (2025)

Osisko Gold Group Inc. is a Canadian gold mining and royalty company focused on exploring and developing gold projects in North America. It holds interests in early-stage and producing gold properties, with its main customers being commodity markets that buy refined gold. The company operates within the broader gold mining sector, which is closely tied to global gold prices.

Osisko Gold Group generates revenue through a mix of gold production, royalty streams, and asset sales from its portfolio of mining properties. It operates primarily in Canada, with a market cap around $1.0 billion, though its negative gross and operating margins signal it is still in a growth and development phase rather than a mature, cash-generating business. The key risk is that the company depends heavily on rising or stable gold prices to eventually turn profitable, and continued exploration spending without production revenue could pressure its financial position over time.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

YoY Growth Rate

Revenue data limited

EPS Growth

+177.8% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Insider Activity

50.4%ownership

Insiders own a meaningful stake in the company

Cash Runway

~3 years

$639M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$639M cash & investments at current burn rate

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin
39.2%
Modest — 39.2% gross margin
Operating Margin
-414.1%
Losing money on operations — -414.1%
ROCE
-0.8%
Weak — -0.8% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
>+1,000%
Fast-growing sales (>+1,000% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-414.0%
Burning cash (-414.0%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
0.16
Conservative — low debt load (0.16)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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