Cambridge Investment Research Advisors Inc. Reduces Holdings in Gold Royalty Corp. (NYSE:GROY)

Cambridge Investment Research Advisors Inc. decreased its position in shares of Gold Royalty Corp. (NYSE:GROY) by 21.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 88,959 shares of the company’s stock after selling 24,800 shares during the quarter. Cambridge Investment Research Advisors Inc. owned approximately 0.05% of Gold Royalty worth $128,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in GROY. Bank of Montreal Can grew its holdings in shares of Gold Royalty by 15.4% during the fourth quarter. Bank of Montreal Can now owns 3,591,397 shares of the company’s stock worth $4,346,000 after purchasing an additional 478,665 shares during the last quarter. Zazove Associates LLC grew its holdings in shares of Gold Royalty by 83.0% during the fourth quarter. Zazove Associates LLC now owns 441,000 shares of the company’s stock worth $534,000 after purchasing an additional 200,000 shares during the last quarter. Eagle Global Advisors LLC purchased a new position in shares of Gold Royalty during the fourth quarter worth about $206,000. Parvin Asset Management LLC purchased a new position in shares of Gold Royalty during the fourth quarter worth about $162,000. Finally, Eschler Asset Management LLP purchased a new position in shares of Gold Royalty during the fourth quarter worth about $76,000. Hedge funds and other institutional investors own 33.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on GROY shares. HC Wainwright reissued a “buy” rating and set a $5.75 price target on shares of Gold Royalty in a report on Friday, June 13th. Canaccord Genuity Group started coverage on Gold Royalty in a report on Wednesday, June 11th. They set a “buy” rating and a $3.00 price target on the stock. Finally, Scotiabank set a $2.50 price target on Gold Royalty and gave the stock an “outperform” rating in a report on Friday, June 13th.

Gold Royalty Price Performance

Shares of GROY opened at $2.47 on Tuesday. Gold Royalty Corp. has a twelve month low of $1.16 and a twelve month high of $2.52. The stock’s 50 day moving average is $1.99 and its two-hundred day moving average is $1.60. The firm has a market capitalization of $421.06 million, a PE ratio of -19.00 and a beta of 0.94. 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 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.