Gold Royalty Corp. (NYSE:GROY) Receives Average Recommendation of “Buy” from Brokerages

Gold Royalty Corp. (NYSE:GROY) has been given an average rating of “Buy” by the eight research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $5.6786.

Several research analysts have commented on GROY shares. Zacks Research raised Gold Royalty from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Maxim Group set a $7.00 target price on Gold Royalty in a research report on Friday, January 23rd. Scotiabank increased their target price on Gold Royalty from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. BMO Capital Markets reissued an “outperform” rating and set a $4.75 price target on shares of Gold Royalty in a research report on Tuesday, December 9th. Finally, Canaccord Genuity Group restated a “hold” rating and issued a $5.00 price target (up from $4.50) on shares of Gold Royalty in a report on Thursday, January 22nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GROY. Zazove Associates LLC grew its holdings in Gold Royalty by 3.1% during the 4th quarter. Zazove Associates LLC now owns 335,000 shares of the company’s stock valued at $1,353,000 after purchasing an additional 10,000 shares in the last quarter. Regal Partners Ltd lifted its holdings in Gold Royalty by 22,977.8% in the 4th quarter. Regal Partners Ltd now owns 5,712,223 shares of the company’s stock worth $23,534,000 after buying an additional 5,687,471 shares in the last quarter. XTX Topco Ltd boosted its position in Gold Royalty by 10.3% in the 4th quarter. XTX Topco Ltd now owns 129,881 shares of the company’s stock valued at $525,000 after buying an additional 12,161 shares during the last quarter. Susquehanna Portfolio Strategies LLC boosted its position in Gold Royalty by 102.3% in the 4th quarter. Susquehanna Portfolio Strategies LLC now owns 289,231 shares of the company’s stock valued at $1,168,000 after buying an additional 146,232 shares during the last quarter. Finally, Tudor Investment Corp ET AL grew its stake in shares of Gold Royalty by 93.5% during the fourth quarter. Tudor Investment Corp ET AL now owns 886,692 shares of the company’s stock valued at $3,582,000 after acquiring an additional 428,425 shares in the last quarter. 33.75% of the stock is currently owned by hedge funds and other institutional investors.

Gold Royalty Stock Performance

NYSE:GROY opened at $4.30 on Monday. The firm’s fifty day simple moving average is $4.49 and its 200 day simple moving average is $4.02. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.09. Gold Royalty has a twelve month low of $1.23 and a twelve month high of $5.45. The firm has a market capitalization of $945.96 million, a price-to-earnings ratio of -33.08 and a beta of 0.97.

About Gold Royalty

Gold Royalty Corp (NYSE: GROY) is a precious metals-focused royalty and streaming company with a dedicated emphasis on gold. Through the acquisition and management of royalty, stream, and similar interests, the company gains exposure to a diversified portfolio of producing mines, advanced-stage development projects, and exploration assets. By taking a passive owner role, Gold Royalty receives a share of production or revenue from its partner operators without bearing the full costs and risks of mine development.

The company’s business model centers on securing cash flows from producing assets while simultaneously pursuing growth via royalties on projects at earlier stages.