Stratos Wealth Partners LTD. Decreases Stake in Gold Royalty Corp. $GROY

Stratos Wealth Partners LTD. lowered its holdings in Gold Royalty Corp. (NYSE:GROY) by 10.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,416 shares of the company’s stock after selling 5,000 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Gold Royalty were worth $92,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. GSA Capital Partners LLP raised its stake 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 purchasing an additional 149,406 shares during the last quarter. Zazove Associates LLC grew its position in Gold Royalty by 42.8% during the first quarter. Zazove Associates LLC now owns 629,758 shares of the company’s stock valued at $907,000 after buying an additional 188,758 shares during the period. Amundi purchased a new stake in Gold Royalty in the first quarter worth about $695,000. Medici Capital LLC purchased a new stake in Gold Royalty in the second quarter worth about $252,000. Finally, Financial Sense Advisors Inc. increased its position in 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 buying an additional 102,200 shares in the last quarter. Hedge funds and other institutional investors own 33.75% of the company’s stock.

Wall Street Analyst Weigh In

GROY has been the subject of a number of analyst reports. HC Wainwright upped their price target on Gold Royalty from $5.75 to $6.25 and gave the stock a “buy” rating in a research report on Thursday, August 7th. National Bankshares reaffirmed an “outperform” rating on shares of Gold Royalty in a research note on Wednesday, July 16th. Raymond James Financial set a $4.50 target price on shares of Gold Royalty and gave the stock an “outperform” rating in a research report on Friday, October 10th. Scotiabank restated an “outperform” rating and set a $4.00 target price on shares of Gold Royalty in a research report on Thursday. Finally, Maxim Group assumed coverage on shares of Gold Royalty in a research report on Thursday, September 11th. They set a “buy” rating and a $6.00 target price for the company. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, Gold Royalty presently has an average rating of “Buy” and an average target price of $4.75.

Gold Royalty Stock Performance

NYSE GROY opened at $3.69 on Monday. The stock has a market capitalization of $629.03 million, a PE ratio of -28.38 and a beta of 1.00. The business has a 50 day simple moving average of $3.63 and a two-hundred day simple moving average of $2.64. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.63 and a quick ratio of 1.63. Gold Royalty Corp. has a 1-year low of $1.16 and a 1-year high of $4.15.

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.