Short Interest in Osisko Gold Royalties Ltd (NYSE:OR) Expands By 28.5%

Osisko Gold Royalties Ltd (NYSE:OR - Get Free Report) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 2,480,000 shares, a growth of 28.5% from the December 31st total of 1,930,000 shares. Approximately 1.3% of the company's stock are short sold. Based on an average daily trading volume, of 591,400 shares, the days-to-cover ratio is currently 4.2 days.

Analysts Set New Price Targets

Several research firms have recently weighed in on OR. TD Cowen lowered shares of Osisko Gold Royalties from a "buy" rating to a "hold" rating in a research note on Monday, November 11th. TD Securities lowered Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 11th.

Osisko Gold Royalties Stock Performance

Shares of OR traded up $0.04 during trading hours on Thursday, hitting $19.67. The company had a trading volume of 361,259 shares, compared to its average volume of 530,607. The business has a fifty day moving average of $18.80 and a 200-day moving average of $18.58. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of -93.64 and a beta of 1.02. Osisko Gold Royalties has a 12 month low of $12.77 and a 12 month high of $21.29.

Institutional Investors Weigh In On Osisko Gold Royalties

Several hedge funds have recently bought and sold shares of OR. CIBC Asset Management Inc increased its holdings in shares of Osisko Gold Royalties by 21.6% during the fourth quarter. CIBC Asset Management Inc now owns 3,111,398 shares of the basic materials company's stock worth $56,215,000 after buying an additional 551,936 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Osisko Gold Royalties by 190.5% during the third quarter. The Manufacturers Life Insurance Company now owns 796,804 shares of the basic materials company's stock valued at $14,766,000 after acquiring an additional 522,551 shares during the last quarter. Scheer Rowlett & Associates Investment Management Ltd. increased its holdings in Osisko Gold Royalties by 53.9% in the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 965,801 shares of the basic materials company's stock valued at $17,886,000 after purchasing an additional 338,354 shares during the period. Raymond James Financial Inc. bought a new position in Osisko Gold Royalties during the 4th quarter worth $2,587,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Osisko Gold Royalties by 45.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 420,462 shares of the basic materials company's stock valued at $7,783,000 after buying an additional 131,558 shares during the period. 68.52% of the stock is currently owned by institutional investors and hedge funds.

About Osisko Gold Royalties

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.