Osisko Gold Royalties Ltd (NYSE:OR) Sees Significant Decrease in Short Interest

Osisko Gold Royalties Ltd (NYSE:OR) was the target of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 1,730,000 shares, a decrease of 30.2% from the January 15th total of 2,480,000 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily volume of 593,700 shares, the short-interest ratio is currently 2.9 days.

Osisko Gold Royalties Trading Down 3.7 %

OR traded down $0.75 on Friday, hitting $19.68. The company had a trading volume of 646,510 shares, compared to its average volume of 548,752. The business’s fifty day simple moving average is $18.89 and its 200 day simple moving average is $18.71. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05. Osisko Gold Royalties has a 12-month low of $12.77 and a 12-month high of $21.29. The company has a market cap of $3.67 billion, a PE ratio of -93.70 and a beta of 1.02.

Analyst Ratings Changes

Several brokerages have recently issued reports on OR. TD Cowen cut Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday, November 11th. TD Securities downgraded Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Royal Bank of Canada increased their target price on Osisko Gold Royalties from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th.

Hedge Funds Weigh In On Osisko Gold Royalties

A number of institutional investors and hedge funds have recently modified their holdings of OR. U S Global Investors Inc. lifted its holdings in shares of Osisko Gold Royalties by 0.8% in the 3rd quarter. U S Global Investors Inc. now owns 437,796 shares of the basic materials company’s stock worth $8,104,000 after acquiring an additional 3,364 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Osisko Gold Royalties in the third quarter worth about $286,000. US Bancorp DE lifted its stake in Osisko Gold Royalties by 32.1% in the third quarter. US Bancorp DE now owns 10,629 shares of the basic materials company’s stock worth $197,000 after purchasing an additional 2,584 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Osisko Gold Royalties by 5.7% during the third quarter. Principal Financial Group Inc. now owns 1,527,110 shares of the basic materials company’s stock valued at $28,316,000 after buying an additional 82,150 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in shares of Osisko Gold Royalties during the third quarter valued at approximately $58,000. Hedge funds and other institutional investors own 68.52% of the company’s stock.

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.