Osisko Gold Royalties Ltd (NYSE:OR) Short Interest Down 30.2% in January

Osisko Gold Royalties Ltd (NYSE:OR - Get Free Report) saw a significant drop in short interest in January. As of January 31st, there was short interest totalling 1,730,000 shares, a drop of 30.2% from the January 15th total of 2,480,000 shares. Based on an average daily trading volume, of 593,700 shares, the short-interest ratio is presently 2.9 days. Approximately 0.9% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. TD Cowen cut shares of Osisko Gold Royalties from a "buy" rating to a "hold" rating in a report on Monday, November 11th. TD Securities cut shares of Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th. Finally, Royal Bank of Canada raised their price objective on shares of Osisko Gold Royalties from $23.00 to $24.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th.

Osisko Gold Royalties Price Performance

Shares of OR traded up $0.15 during mid-day trading on Tuesday, reaching $19.83. 124,269 shares of the company's stock were exchanged, compared to its average volume of 525,076. 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 company has a 50-day simple moving average of $18.89 and a two-hundred day simple moving average of $18.73. Osisko Gold Royalties has a 52-week low of $12.77 and a 52-week high of $21.29. The company has a market cap of $3.70 billion, a price-to-earnings ratio of -94.28 and a beta of 1.02.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Osisko Gold Royalties during the fourth quarter worth approximately $60,364,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Osisko Gold Royalties by 352.8% in 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 acquiring an additional 3,194,173 shares during the period. Tidal Investments LLC purchased a new position in shares of Osisko Gold Royalties in the 4th quarter valued at $34,209,000. FMR LLC raised its stake in shares of 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 valued at $101,659,000 after acquiring an additional 1,128,969 shares during the period. Finally, Norges Bank purchased a new position in shares of Osisko Gold Royalties in the 4th quarter valued at $11,683,000. 68.52% of the stock is owned by hedge funds and other institutional investors.

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.