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

Osisko Gold Royalties Ltd (NYSE:OR - Get Free Report) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 1,540,000 shares, a drop 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 currently 2.2 days. Currently, 0.8% of the company's shares are sold short.

Institutional Trading of Osisko Gold Royalties

A number of hedge funds have recently made changes to their positions in OR. SBI Securities Co. Ltd. purchased a new position in shares of Osisko Gold Royalties in the fourth quarter valued at $57,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Osisko Gold Royalties in the 4th quarter valued at about $72,000. Northwest & Ethical Investments L.P. grew its stake in shares of Osisko Gold Royalties by 11.0% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company's stock valued at $114,000 after acquiring an additional 626 shares in the last quarter. Employees Retirement System of Texas purchased a new stake in shares of Osisko Gold Royalties during the fourth quarter worth about $131,000. Finally, Icon Wealth Advisors LLC acquired a new position in shares of Osisko Gold Royalties in the third quarter worth about $187,000. Hedge funds and other institutional investors own 68.52% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on OR shares. Royal Bank of Canada upped their price objective on Osisko Gold Royalties from $23.00 to $24.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Scotiabank cut 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Osisko Gold Royalties presently has an average rating of "Hold" and an average target price of $22.67.

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Osisko Gold Royalties Trading Up 1.3 %

Shares of OR stock traded up $0.27 during mid-day trading on Friday, reaching $20.29. The company's stock had a trading volume of 1,525,603 shares, compared to its average volume of 787,881. 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 capitalization of $3.79 billion, a PE ratio of 225.43 and a beta of 0.96. The company's 50 day simple moving average is $19.05 and its 200-day simple moving average is $19.00. Osisko Gold Royalties has a 12-month low of $15.12 and a 12-month high of $21.29.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.16 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $68.31 million. On average, research analysts predict that Osisko Gold Royalties will post 0.62 EPS for the current fiscal year.

Osisko Gold Royalties Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.0457 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Monday, March 31st. Osisko Gold Royalties's dividend payout ratio is presently 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.