Gold Royalty (NYSE:GROY) Upgraded at Zacks Research

Zacks Research upgraded shares of Gold Royalty (NYSE:GROY) from a hold rating to a strong-buy rating in a research note published on Thursday,Zacks.com reports.

GROY has been the topic of several other research reports. Raymond James Financial set a $4.50 price target on Gold Royalty and gave the stock an “outperform” rating in a report on Friday, October 10th. Maxim Group assumed coverage on Gold Royalty in a report on Thursday, September 11th. They set a “buy” rating and a $6.00 price target on the stock. Scotiabank lifted their price target on Gold Royalty from $3.30 to $4.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. National Bankshares reiterated an “outperform” rating on shares of Gold Royalty in a report on Wednesday, July 16th. Finally, HC Wainwright lifted their price target on Gold Royalty from $5.75 to $6.25 and gave the stock a “buy” rating in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $4.75.

Gold Royalty Stock Performance

Shares of Gold Royalty stock opened at $3.69 on Thursday. Gold Royalty has a 52 week low of $1.16 and a 52 week high of $4.15. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.09. The company has a 50 day moving average price of $3.69 and a 200 day moving average price of $2.71. The firm has a market capitalization of $629.03 million, a P/E ratio of -28.38 and a beta of 1.00.

Institutional Trading of Gold Royalty

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Amundi increased its stake in Gold Royalty by 300.0% during the second quarter. Amundi now owns 2,000,000 shares of the company’s stock worth $4,520,000 after purchasing an additional 1,500,000 shares during the period. JPMorgan Chase & Co. increased its stake in Gold Royalty by 1,918.6% during the second quarter. JPMorgan Chase & Co. now owns 1,042,141 shares of the company’s stock worth $2,303,000 after purchasing an additional 990,515 shares during the period. GSA Capital Partners LLP increased its stake in Gold Royalty by 19.5% during 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 period. Zazove Associates LLC increased its stake in Gold Royalty by 42.8% during the first quarter. Zazove Associates LLC now owns 629,758 shares of the company’s stock worth $907,000 after purchasing an additional 188,758 shares during the period. Finally, Groupe la Francaise increased its stake in Gold Royalty by 594.7% during the second quarter. Groupe la Francaise now owns 600,000 shares of the company’s stock worth $1,320,000 after purchasing an additional 513,636 shares during the period. 33.75% of the stock is currently owned by hedge funds and other institutional investors.

About Gold Royalty

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.