Osisko Gold Royalties Ltd (NYSE:OR) Short Interest Down 21.0% in May

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

Hedge Funds Weigh In On Osisko Gold Royalties

Institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD purchased a new position in shares of Osisko Gold Royalties during the first quarter valued at $109,825,000. Bornite Capital Management LP purchased a new stake in shares of Osisko Gold Royalties in the first quarter worth approximately $33,370,000. Norges Bank purchased a new position in Osisko Gold Royalties during the fourth quarter valued at approximately $18,728,000. Yaupon Capital Management LP acquired a new position in Osisko Gold Royalties in the 1st quarter valued at approximately $15,973,000. Finally, Van ECK Associates Corp lifted its position in Osisko Gold Royalties by 4.2% in the 3rd quarter. Van ECK Associates Corp now owns 20,064,306 shares of the basic materials company’s stock worth $235,755,000 after buying an additional 810,979 shares in the last quarter. Hedge funds and other institutional investors own 68.52% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group increased their price target on shares of Osisko Gold Royalties from $15.00 to $19.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd.

Read Our Latest Report on OR

Osisko Gold Royalties Stock Performance

Shares of NYSE OR traded up $0.17 during mid-day trading on Friday, hitting $16.65. The company had a trading volume of 1,190,772 shares, compared to its average volume of 491,185. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.95 and a quick ratio of 4.95. Osisko Gold Royalties has a 12 month low of $11.24 and a 12 month high of $16.81. The firm’s 50 day simple moving average is $16.12 and its two-hundred day simple moving average is $15.04. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of -79.29 and a beta of 1.00.

Osisko Gold Royalties (NYSE:ORGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. Osisko Gold Royalties had a negative net margin of 21.54% and a positive return on equity of 6.69%. The business had revenue of $45.06 million during the quarter. As a group, equities research analysts forecast that Osisko Gold Royalties will post 0.49 earnings per share for the current year.

Osisko Gold Royalties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.047 per share. The ex-dividend date of this dividend is Friday, June 28th. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.04. This represents a $0.19 dividend on an annualized basis and a dividend yield of 1.13%. Osisko Gold Royalties’s payout ratio is -85.71%.

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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