Gold Royalty (NYSEAMERICAN:GROY) Cut to Hold at Zacks Research

Zacks Research downgraded shares of Gold Royalty (NYSEAMERICAN:GROY) from a strong-buy rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

GROY has been the subject of a number of other reports. Scotiabank increased their target price on shares of Gold Royalty from $5.00 to $6.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Canaccord Genuity Group restated a “hold” rating and set a $5.00 price target (up from $4.50) on shares of Gold Royalty in a report on Thursday, January 22nd. Maxim Group set a $7.00 price target on Gold Royalty in a research report on Friday, January 23rd. National Bank Financial reiterated an “outperform” rating and issued a $5.50 price objective on shares of Gold Royalty in a report on Wednesday, December 10th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $4.75 price objective on shares of Gold Royalty in a research report on Tuesday, December 9th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $5.64.

Gold Royalty Stock Down 4.8%

Shares of GROY opened at $3.18 on Tuesday. The stock has a market capitalization of $733.91 million, a P/E ratio of -159.00 and a beta of 0.97. The firm has a fifty day simple moving average of $4.29 and a two-hundred day simple moving average of $4.03. Gold Royalty has a twelve month low of $1.23 and a twelve month high of $5.45.

Institutional Trading of Gold Royalty

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Regal Partners Ltd boosted its position in Gold Royalty by 22,977.8% during the 4th quarter. Regal Partners Ltd now owns 5,712,223 shares of the company’s stock valued at $23,534,000 after acquiring an additional 5,687,471 shares in the last quarter. CWA Asset Management Group LLC purchased a new position in shares of Gold Royalty in the 4th quarter valued at approximately $15,928,000. Mudita Advisors LLP bought a new stake in shares of Gold Royalty during the fourth quarter valued at approximately $8,484,000. Amundi boosted its position in shares of Gold Royalty by 300.0% during the second quarter. Amundi now owns 2,000,000 shares of the company’s stock valued at $4,520,000 after purchasing an additional 1,500,000 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD purchased a new stake in Gold Royalty in the fourth quarter worth $4,684,000. 33.75% of the stock is currently owned by hedge funds and other institutional investors.

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.