Osisko Gold Royalties Ltd (NYSE:OR) Short Interest Update

Osisko Gold Royalties Ltd (NYSE:OR) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 1,540,000 shares, a decrease of 15.4% from the February 13th total of 1,820,000 shares. Based on an average daily volume of 697,800 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.8% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Osisko Gold Royalties by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 7,208,346 shares of the basic materials company’s stock valued at $130,529,000 after acquiring an additional 128,099 shares during the period. FMR LLC increased its stake in Osisko Gold Royalties by 25.2% in the 4th quarter. FMR LLC now owns 5,613,898 shares of the basic materials company’s stock worth $101,659,000 after buying an additional 1,128,969 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Osisko Gold Royalties by 352.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,099,521 shares of the basic materials company’s stock valued at $74,160,000 after buying an additional 3,194,173 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Osisko Gold Royalties in the 4th quarter valued at about $60,364,000. Finally, CIBC Asset Management Inc grew its stake in Osisko Gold Royalties by 21.6% in the 4th quarter. CIBC Asset Management Inc now owns 3,111,398 shares of the basic materials company’s stock worth $56,215,000 after acquiring an additional 551,936 shares in the last quarter. Institutional investors own 68.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Royal Bank of Canada boosted their target price on Osisko Gold Royalties from $23.00 to $24.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Scotiabank decreased their price objective on Osisko Gold Royalties from $31.00 to $22.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $22.67.

Osisko Gold Royalties Trading Up 0.1 %

NYSE OR traded up $0.02 during trading hours on Thursday, hitting $20.00. 123,393 shares of the company were exchanged, compared to its average volume of 771,173. The stock has a market cap of $3.74 billion, a PE ratio of 222.22 and a beta of 0.96. Osisko Gold Royalties has a 52 week low of $15.12 and a 52 week high of $21.29. The stock has a 50-day moving average price of $19.02 and a 200 day moving average price of $19.00. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05.

Osisko Gold Royalties (NYSE:OR) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. The company had revenue of $56.74 million during the quarter, compared to the consensus estimate of $68.31 million. Analysts forecast that Osisko Gold Royalties will post 0.62 earnings per share for the current fiscal year.

Osisko Gold Royalties Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.0457 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Monday, March 31st. Osisko Gold Royalties’s dividend payout ratio (DPR) is currently 200.00%.

Osisko Gold Royalties Company Profile

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company’s primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.