XTX Topco Ltd Takes Position in Gold Royalty Corp. (NYSE:GROY)

XTX Topco Ltd acquired a new stake in Gold Royalty Corp. (NYSE:GROY) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 63,224 shares of the company’s stock, valued at approximately $91,000.

Other large investors have also made changes to their positions in the company. Total Wealth Planning & Management Inc. purchased a new stake in Gold Royalty during the fourth quarter worth $31,000. Cubist Systematic Strategies LLC purchased a new stake in Gold Royalty during the fourth quarter worth $46,000. Two Sigma Securities LLC purchased a new stake in Gold Royalty during the fourth quarter worth $51,000. Focus Partners Advisor Solutions LLC purchased a new stake in Gold Royalty during the fourth quarter worth $54,000. Finally, Pacific Point Advisors LLC purchased a new stake in Gold Royalty during the fourth quarter worth $71,000. 33.75% of the stock is owned by hedge funds and other institutional investors.

Gold Royalty Stock Performance

NYSE:GROY opened at $3.03 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.63 and a current ratio of 1.63. The company has a fifty day moving average of $2.50 and a two-hundred day moving average of $1.85. The stock has a market capitalization of $516.52 million, a PE ratio of -23.31 and a beta of 0.96. Gold Royalty Corp. has a fifty-two week low of $1.16 and a fifty-two week high of $3.26.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on GROY shares. Canaccord Genuity Group started coverage on shares of Gold Royalty in a report on Wednesday, June 11th. They set a “buy” rating and a $3.00 price target on the stock. Scotiabank reissued an “outperform” rating on shares of Gold Royalty in a report on Monday. National Bankshares reissued an “outperform” rating on shares of Gold Royalty in a report on Wednesday, July 16th. Finally, HC Wainwright increased their price target on shares of Gold Royalty from $5.75 to $6.25 and gave the stock a “buy” rating in a report on Thursday, August 7th.

Gold Royalty Company 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.