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

Osisko Gold Royalties Ltd (NYSE:OR) was the recipient of a significant decrease in short interest during 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. Currently, 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 697,800 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Investors Weigh In On Osisko Gold Royalties

A number of institutional investors and hedge funds have recently bought and sold shares of OR. SBI Securities Co. Ltd. purchased a new stake in shares of Osisko Gold Royalties during the fourth quarter worth about $57,000. Generali Investments CEE investicni spolecnost a.s. bought a new position in Osisko Gold Royalties in the 4th quarter worth approximately $72,000. Northwest & Ethical Investments L.P. grew its holdings in Osisko Gold Royalties by 11.0% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company’s stock valued at $114,000 after buying an additional 626 shares in the last quarter. Employees Retirement System of Texas bought a new stake in shares of Osisko Gold Royalties during the fourth quarter valued at approximately $1,306,000. Finally, Icon Wealth Advisors LLC purchased a new position in shares of Osisko Gold Royalties in the third quarter worth $187,000. 68.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Scotiabank reduced their price target on shares of Osisko Gold Royalties from $31.00 to $22.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. Royal Bank of Canada boosted their target price on shares of Osisko Gold Royalties from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Osisko Gold Royalties has a consensus rating of “Hold” and an average target price of $22.67.

Osisko Gold Royalties Stock Performance

OR traded down $0.11 during midday trading on Wednesday, reaching $19.98. The company had a trading volume of 476,251 shares, compared to its average volume of 783,041. Osisko Gold Royalties has a 1 year low of $15.12 and a 1 year high of $21.29. 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 market cap of $3.73 billion, a P/E ratio of 222.01 and a beta of 0.96. The business has a 50-day moving average of $18.99 and a two-hundred day moving average of $18.99.

Osisko Gold Royalties (NYSE:OR) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $56.74 million for the quarter, compared to analysts’ expectations of $68.31 million. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. As a group, equities research analysts predict 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.0457 dividend. This represents a $0.18 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Monday, March 31st. Osisko Gold Royalties’s dividend payout ratio is currently 200.00%.

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.