Osisko Gold Royalties Ltd (NYSE:OR) Short Interest Down 15.4% in February

Osisko Gold Royalties Ltd (NYSE:OR) saw a significant 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. Based on an average daily trading 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.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Royal Bank of Canada upped their price objective 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 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 report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Osisko Gold Royalties has a consensus rating of “Hold” and an average price target of $22.67.

Institutional Trading of Osisko Gold Royalties

A number of institutional investors have recently added to or reduced their stakes in the business. PFG Investments LLC lifted its stake in Osisko Gold Royalties by 2.2% in the fourth quarter. PFG Investments LLC now owns 24,796 shares of the basic materials company’s stock valued at $449,000 after acquiring an additional 527 shares during the last quarter. Addenda Capital Inc. raised its position in shares of Osisko Gold Royalties by 1.4% in the fourth quarter. Addenda Capital Inc. now owns 38,325 shares of the basic materials company’s stock valued at $694,000 after purchasing an additional 532 shares during the period. Franklin Resources Inc. raised its position in shares of Osisko Gold Royalties by 4.5% in the fourth quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company’s stock valued at $222,000 after purchasing an additional 534 shares during the period. Pictet Asset Management Holding SA raised its position in shares of Osisko Gold Royalties by 2.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 28,781 shares of the basic materials company’s stock valued at $521,000 after purchasing an additional 564 shares during the period. Finally, Northwest & Ethical Investments L.P. raised its position in shares of Osisko Gold Royalties by 11.0% in 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 purchasing an additional 626 shares during the period. 68.52% of the stock is currently owned by institutional investors and hedge funds.

Osisko Gold Royalties Price Performance

NYSE OR opened at $20.19 on Tuesday. The company has a 50 day simple moving average of $18.96 and a 200-day simple moving average of $18.97. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 224.28 and a beta of 0.96. Osisko Gold Royalties has a 52-week low of $15.12 and a 52-week high of $21.29.

Osisko Gold Royalties (NYSE:OR) last posted its earnings results 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. The firm had revenue of $56.74 million during 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%. 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.0457 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Monday, March 31st. Osisko Gold Royalties’s dividend payout ratio (DPR) 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.