Cubist Systematic Strategies LLC Invests $46,000 in Gold Royalty Corp. (NYSE:GROY)

Cubist Systematic Strategies LLC bought a new position in Gold Royalty Corp. (NYSE:GROY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 38,407 shares of the company’s stock, valued at approximately $46,000.

Other hedge funds have also recently modified their holdings of the company. Two Sigma Securities LLC purchased a new stake in shares of Gold Royalty in the fourth quarter worth about $51,000. Marshall Wace LLP boosted its position in Gold Royalty by 43.7% during the fourth quarter. Marshall Wace LLP now owns 100,963 shares of the company’s stock worth $122,000 after purchasing an additional 30,710 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Gold Royalty by 20.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 125,910 shares of the company’s stock worth $152,000 after purchasing an additional 21,717 shares in the last quarter. Parvin Asset Management LLC purchased a new position in Gold Royalty during the fourth quarter worth approximately $162,000. Finally, Regal Partners Ltd boosted its position in Gold Royalty by 40.2% during the fourth quarter. Regal Partners Ltd now owns 196,658 shares of the company’s stock worth $238,000 after purchasing an additional 56,390 shares in the last quarter. Hedge funds and other institutional investors own 33.75% of the company’s stock.

Wall Street Analyst Weigh In

Separately, HC Wainwright increased their price target on Gold Royalty from $5.50 to $5.75 and gave the stock a “buy” rating in a research report on Wednesday, February 5th.

Gold Royalty Stock Performance

Shares of GROY stock opened at $1.61 on Tuesday. The company has a market capitalization of $274.46 million, a P/E ratio of -12.38 and a beta of 0.78. The business’s 50 day moving average is $1.49 and its two-hundred day moving average is $1.37. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.09. Gold Royalty Corp. has a 12-month low of $1.16 and a 12-month high of $2.08.

Gold Royalty Profile

Gold Royalty Corp., a precious metals-focused royalty company, provides financing solutions to the metals and mining industry. It focuses on acquiring royalties, streams, and similar interests at varying stages of the mine life cycle to build a portfolio offering near, medium, and longer-term returns for its investors.