Gold Royalty Sees Unusually Large Options Volume (NYSE:GROY)

Gold Royalty Corp. (NYSE:GROY) was the target of unusually large options trading on Friday. Stock investors purchased 9,588 call options on the company. This is an increase of 415% compared to the average daily volume of 1,862 call options.

Gold Royalty Price Performance

Gold Royalty stock opened at $4.25 on Friday. The firm has a market capitalization of $723.65 million, a PE ratio of -32.65 and a beta of 0.99. Gold Royalty has a 52 week low of $1.16 and a 52 week high of $4.44. The firm’s 50-day simple moving average is $3.69 and its 200 day simple moving average is $3.00. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.09.

Institutional Trading of Gold Royalty

Large investors have recently modified their holdings of the business. GSA Capital Partners LLP raised its position in shares of Gold Royalty by 19.5% during the 1st 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. XTX Topco Ltd purchased a new position in Gold Royalty during the first quarter worth $91,000. Zazove Associates LLC raised its holdings in shares of Gold Royalty by 42.8% in the first quarter. Zazove Associates LLC now owns 629,758 shares of the company’s stock worth $907,000 after acquiring an additional 188,758 shares during the last quarter. Groupe la Francaise acquired a new position in shares of Gold Royalty in the first quarter worth $129,000. Finally, Amundi purchased a new stake in shares of Gold Royalty in the first quarter valued at $695,000. 33.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GROY shares. Raymond James Financial set a $4.50 price objective on Gold Royalty and gave the stock an “outperform” rating in a report on Friday, October 10th. Zacks Research raised shares of Gold Royalty from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. Scotiabank increased their price target on shares of Gold Royalty from $3.30 to $4.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. Maxim Group began coverage on shares of Gold Royalty in a report on Thursday, September 11th. They set a “buy” rating and a $6.00 price objective on the stock. Finally, HC Wainwright upped their target price on shares of Gold Royalty from $5.75 to $6.25 and gave the stock a “buy” rating in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $4.75.

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.