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

Osisko Gold Royalties Ltd (NYSE:OR) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 2,480,000 shares, a growth of 28.5% from the December 31st total of 1,930,000 shares. Based on an average trading volume of 591,400 shares, the short-interest ratio is presently 4.2 days. Approximately 1.3% of the company’s stock are sold short.

Osisko Gold Royalties Stock Performance

NYSE OR traded up $0.16 during trading hours on Monday, hitting $18.68. 425,769 shares of the company’s stock traded hands, compared to its average volume of 530,172. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05. Osisko Gold Royalties has a 52 week low of $12.77 and a 52 week high of $21.29. The firm has a market capitalization of $3.49 billion, a P/E ratio of -88.93 and a beta of 1.02. The business’s fifty day moving average price is $18.80 and its two-hundred day moving average price is $18.56.

Osisko Gold Royalties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.048 per share. The ex-dividend date was Tuesday, December 31st. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.05. This represents a $0.19 annualized dividend and a yield of 1.03%. Osisko Gold Royalties’s payout ratio is -85.71%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on OR. TD Cowen cut shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. TD Securities lowered Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in OR. Capital Performance Advisors LLP purchased a new position in Osisko Gold Royalties during the 3rd quarter valued at approximately $58,000. Icon Wealth Advisors LLC bought a new stake in shares of Osisko Gold Royalties in the 3rd quarter valued at approximately $187,000. US Bancorp DE boosted its holdings in shares of Osisko Gold Royalties by 32.1% in the 3rd 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 period. Squarepoint Ops LLC purchased a new stake in Osisko Gold Royalties during the 2nd quarter valued at $211,000. Finally, SeaBridge Investment Advisors LLC purchased a new position in Osisko Gold Royalties during the fourth quarter worth $244,000. Institutional investors own 68.52% of the company’s stock.

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.