Short Interest in Osisko Gold Royalties Ltd (NYSE:OR) Drops By 15.4%

Osisko Gold Royalties Ltd (NYSE:OR) was the target of a large decrease in short interest in 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 shares of the stock are short sold. Based on an average trading volume of 697,800 shares, the short-interest ratio is currently 2.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. PKO Investment Management Joint Stock Co purchased a new position in Osisko Gold Royalties in the fourth quarter worth $1,409,000. Employees Retirement System of Texas acquired a new position in Osisko Gold Royalties during the 4th quarter valued at about $131,000. Polar Asset Management Partners Inc. raised its stake in Osisko Gold Royalties by 22.8% in the fourth quarter. Polar Asset Management Partners Inc. now owns 49,461 shares of the basic materials company’s stock valued at $895,000 after buying an additional 9,183 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Osisko Gold Royalties by 37.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 578,405 shares of the basic materials company’s stock worth $10,469,000 after acquiring an additional 157,943 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of Osisko Gold Royalties by 78.3% during the fourth quarter. Two Sigma Investments LP now owns 67,407 shares of the basic materials company’s stock valued at $1,220,000 after acquiring an additional 29,606 shares in the last quarter. Hedge funds and other institutional investors own 68.52% of the company’s stock.

Osisko Gold Royalties Stock Down 0.5 %

Osisko Gold Royalties stock traded down $0.11 during midday trading on Wednesday, hitting $19.98. 476,251 shares of the company’s stock were exchanged, compared to its average volume of 783,041. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. The company has a market cap of $3.73 billion, a PE ratio of 222.01 and a beta of 0.96. The firm has a 50-day moving average of $18.99 and a two-hundred day moving average of $18.99. Osisko Gold Royalties has a 12 month low of $15.12 and a 12 month high of $21.29.

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on OR. Royal Bank of Canada upped their price target 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. Scotiabank dropped their target price on Osisko Gold Royalties from $31.00 to $22.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $22.67.

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.