Osisko Gold Royalties Ltd (NYSE:OR) Sees Large Drop in Short Interest (2024)

Osisko Gold Royalties Ltd (NYSE:OR - Get Free Report) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totalling 3,120,000 shares, a drop of 21.0% from the April 30th total of 3,950,000 shares. Currently, 1.7% of the company's stock are sold short. Based on an average daily trading volume, of 789,400 shares, the days-to-cover ratio is presently 4.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Acuitas Investments LLC lifted its holdings in shares of Osisko Gold Royalties by 15.2% during the 4th quarter. Acuitas Investments LLC now owns 251,390 shares of the basic materials company's stock valued at $3,590,000 after purchasing an additional 33,198 shares in the last quarter. Intact Investment Management Inc. grew its holdings in Osisko Gold Royalties by 14.7% in the 4th quarter. Intact Investment Management Inc. now owns 745,040 shares of the basic materials company's stock valued at $10,633,000 after buying an additional 95,600 shares in the last quarter. Heartland Advisors Inc. grew its holdings in Osisko Gold Royalties by 19.6% in the 3rd quarter. Heartland Advisors Inc. now owns 478,200 shares of the basic materials company's stock valued at $5,619,000 after buying an additional 78,200 shares in the last quarter. Van ECK Associates Corp grew its holdings in Osisko Gold Royalties by 1.0% in the 4th quarter. Van ECK Associates Corp now owns 20,266,313 shares of the basic materials company's stock valued at $289,402,000 after buying an additional 202,007 shares in the last quarter. Finally, Sprott Inc. lifted its position in shares of Osisko Gold Royalties by 2.7% during the 3rd quarter. Sprott Inc. now owns 3,459,338 shares of the basic materials company's stock valued at $40,440,000 after acquiring an additional 90,292 shares during the period. 68.52% of the stock is owned by institutional investors.

Osisko Gold Royalties Trading Up 1.0 %

OR stock traded up $0.17 during mid-day trading on Friday, reaching $16.65. 1,190,772 shares of the stock traded hands, compared to its average volume of 491,185. The company has a current ratio of 4.95, a quick ratio of 4.95 and a debt-to-equity ratio of 0.09. Osisko Gold Royalties has a 52-week low of $11.24 and a 52-week high of $16.81. The company has a market cap of $3.10 billion, a P/E ratio of -79.29 and a beta of 1.00. The stock's fifty day moving average is $16.12 and its 200-day moving average is $15.06.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. Osisko Gold Royalties had a positive return on equity of 6.69% and a negative net margin of 21.54%. The firm had revenue of $45.06 million for the quarter. As a group, sell-side analysts expect that Osisko Gold Royalties will post 0.49 earnings per share for the current year.

Osisko Gold Royalties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a $0.047 dividend. This is a boost from Osisko Gold Royalties's previous quarterly dividend of $0.04. This represents a $0.19 annualized dividend and a yield of 1.13%. The ex-dividend date is Friday, June 28th. Osisko Gold Royalties's dividend payout ratio (DPR) is -85.71%.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised their target price on Osisko Gold Royalties from $15.00 to $19.00 and gave the company a "hold" rating in a research note on Monday, April 22nd.

Read Our Latest Stock Analysis on Osisko Gold Royalties

Osisko Gold Royalties Company Profile

(Get Free Report)

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.

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