Gold Royalty Sees Unusually High Options Volume (NYSEAMERICAN:GROY)

Gold Royalty Corp. (NYSEAMERICAN:GROY) was the target of unusually large options trading on Friday. Stock traders bought 20,174 call options on the stock. This represents an increase of approximately 932% compared to the typical daily volume of 1,955 call options.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. National Bank Financial reaffirmed an “outperform” rating and set a $5.50 target price on shares of Gold Royalty in a report on Wednesday, December 10th. Zacks Research raised shares of Gold Royalty from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. HC Wainwright lifted their price objective on shares of Gold Royalty from $6.25 to $7.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Maxim Group set a $7.00 price objective on shares of Gold Royalty in a research report on Friday, January 23rd. Finally, Canaccord Genuity Group reissued a “hold” rating and set a $5.00 target price (up from $4.50) on shares of Gold Royalty in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Gold Royalty currently has a consensus rating of “Buy” and an average target price of $5.68.

Gold Royalty Stock Down 2.9%

Gold Royalty stock opened at $3.95 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.02 and a quick ratio of 2.02. The stock has a market capitalization of $868.96 million, a PE ratio of -98.75 and a beta of 0.97. The business has a 50 day simple moving average of $4.50 and a 200-day simple moving average of $4.05. Gold Royalty has a 12 month low of $1.23 and a 12 month high of $5.45.

Institutional Investors Weigh In On Gold Royalty

Several institutional investors and hedge funds have recently added to or reduced their stakes in GROY. Geneos Wealth Management Inc. lifted its holdings in Gold Royalty by 68.0% during the second quarter. Geneos Wealth Management Inc. now owns 16,800 shares of the company’s stock valued at $37,000 after purchasing an additional 6,800 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Gold Royalty by 363,800.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,278 shares of the company’s stock valued at $29,000 after purchasing an additional 7,276 shares during the period. Pacifica Partners Inc. purchased a new stake in shares of Gold Royalty during the third quarter worth about $32,000. Squarepoint Ops LLC increased its stake in shares of Gold Royalty by 14.2% during the fourth quarter. Squarepoint Ops LLC now owns 69,877 shares of the company’s stock worth $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 during the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 33.75% of the company’s stock.

About Gold Royalty

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.