Gold Royalty Corp. $GROY Shares Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. raised its stake in Gold Royalty Corp. (NYSE:GROY) by 140.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 99,504 shares of the company’s stock after purchasing an additional 58,172 shares during the quarter. Goldman Sachs Group Inc. owned 0.06% of Gold Royalty worth $143,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of GROY. XTX Topco Ltd purchased a new stake in shares of Gold Royalty in the first quarter valued at approximately $91,000. Groupe la Francaise acquired a new position in shares of Gold Royalty in the first quarter worth $129,000. Financial Sense Advisors Inc. raised its holdings in shares of Gold Royalty by 1,022.0% in the first quarter. Financial Sense Advisors Inc. now owns 112,200 shares of the company’s stock worth $162,000 after acquiring an additional 102,200 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of Gold Royalty by 19.5% in the first quarter. GSA Capital Partners LLP now owns 916,940 shares of the company’s stock worth $1,320,000 after acquiring an additional 149,406 shares during the last quarter. Finally, Zazove Associates LLC raised its holdings in shares of Gold Royalty by 42.8% in the first quarter. Zazove Associates LLC now owns 629,758 shares of the company’s stock worth $907,000 after acquiring an additional 188,758 shares during the last quarter. 33.75% of the stock is currently owned by hedge funds and other institutional investors.

Gold Royalty Price Performance

Shares of NYSE GROY opened at $3.88 on Tuesday. Gold Royalty Corp. has a 1-year low of $1.16 and a 1-year high of $4.04. The business has a 50-day moving average of $3.28 and a 200-day moving average of $2.33. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.63 and a quick ratio of 1.63. The company has a market capitalization of $661.42 million, a price-to-earnings ratio of -29.85 and a beta of 0.99.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on GROY shares. Canaccord Genuity Group assumed coverage on Gold Royalty in a report on Wednesday, June 11th. They issued a “buy” rating and a $3.00 price target for the company. HC Wainwright upped their target price on Gold Royalty from $5.75 to $6.25 and gave the company a “buy” rating in a research note on Thursday, August 7th. Scotiabank reiterated an “outperform” rating on shares of Gold Royalty in a research note on Monday, August 11th. National Bankshares reiterated an “outperform” rating on shares of Gold Royalty in a research note on Wednesday, July 16th. Finally, Maxim Group assumed coverage on Gold Royalty in a research note on Thursday, September 11th. They issued a “buy” rating and a $6.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $4.64.

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.