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

Osisko Gold Royalties Ltd (NYSE:OR) was the target 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 daily trading volume, of 591,400 shares, the days-to-cover ratio is presently 4.2 days. Currently, 1.3% of the company’s stock are sold short.

Institutional Investors Weigh In On Osisko Gold Royalties

Large investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC purchased a new stake in Osisko Gold Royalties during the 2nd quarter valued at about $288,000. Squarepoint Ops LLC purchased a new stake in Osisko Gold Royalties in the second quarter valued at approximately $211,000. The Manufacturers Life Insurance Company increased its holdings in Osisko Gold Royalties by 81.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 274,253 shares of the basic materials company’s stock worth $4,268,000 after buying an additional 122,827 shares during the period. Point72 Asset Management L.P. purchased a new position in Osisko Gold Royalties during the 2nd quarter worth approximately $344,000. Finally, U S Global Investors Inc. boosted 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 valued at $8,104,000 after acquiring an additional 3,364 shares during the last quarter. 68.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Osisko Gold Royalties Stock Up 0.8 %

NYSE:OR traded up $0.16 during mid-day trading 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 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 capitalization of $3.49 billion, a P/E ratio of -88.93 and a beta of 1.02. The company has a fifty day moving average of $18.80 and a 200 day moving average of $18.56. Osisko Gold Royalties has a twelve month low of $12.77 and a twelve month high of $21.29.

Osisko Gold Royalties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.048 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.19 dividend on an annualized basis and a dividend yield of 1.03%. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.05. Osisko Gold Royalties’s dividend payout ratio (DPR) is currently -85.71%.

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.