Gold Royalty Corp. (NYSEAMERICAN:GROY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Gold Royalty Corp. (NYSEAMERICAN:GROY) has been assigned an average rating of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $5.6429.

A number of equities analysts have issued reports on GROY shares. National Bank Financial restated an “outperform” rating and set a $5.50 target price on shares of Gold Royalty in a research report on Wednesday, December 10th. Zacks Research lowered Gold Royalty from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. BMO Capital Markets reissued an “outperform” rating and issued a $4.75 price objective on shares of Gold Royalty in a research report on Tuesday, December 9th. HC Wainwright dropped their target price on Gold Royalty from $7.00 to $6.75 and set a “buy” rating on the stock in a report on Friday, March 20th. Finally, Maxim Group set a $7.00 price objective on shares of Gold Royalty in a research report on Friday, January 23rd.

Hedge Funds Weigh In On Gold Royalty

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. boosted its position in shares of Gold Royalty by 68.0% during the second quarter. Geneos Wealth Management Inc. now owns 16,800 shares of the company’s stock worth $37,000 after buying an additional 6,800 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in Gold Royalty by 363,800.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,278 shares of the company’s stock valued at $29,000 after buying an additional 7,276 shares in the last quarter. Pacifica Partners Inc. bought a new position in shares of Gold Royalty during the 3rd quarter valued at about $32,000. Squarepoint Ops LLC boosted its position in shares of Gold Royalty by 14.2% during the 4th quarter. Squarepoint Ops LLC now owns 69,877 shares of the company’s stock valued at $282,000 after purchasing an additional 8,663 shares in the last quarter. Finally, SevenBridge Financial Group LLC acquired a new position in shares of Gold Royalty in the 4th quarter worth approximately $40,000. 33.75% of the stock is currently owned by institutional investors and hedge funds.

Gold Royalty Stock Performance

NYSEAMERICAN:GROY opened at $3.68 on Friday. Gold Royalty has a 1 year low of $1.23 and a 1 year high of $5.45. The stock has a fifty day moving average price of $4.14 and a two-hundred day moving average price of $4.02. The stock has a market capitalization of $849.31 million, a price-to-earnings ratio of -184.00 and a beta of 1.06.

Gold Royalty Company Profile

Gold Royalty Corp is a precious metals royalty and streaming company that focuses on acquiring and managing royalty interests in gold, silver and other metal assets. The company provides upfront funding to mining operators in exchange for a percentage of future metal production, offering an alternative financing model that can reduce capital requirements and accelerate development timelines for mining projects.

The firm’s diversified portfolio spans royalty and stream agreements across the Americas, with interests in operating mines, development‐stage assets and advanced exploration projects.