Gold Royalty Corp. (NYSEAMERICAN:GROY) Given Consensus Rating of “Moderate Buy” by Brokerages

Gold Royalty Corp. (NYSEAMERICAN:GROY) has earned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Two research 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 issued ratings on the stock in the last year is $5.6429.

A number of equities research analysts have recently issued reports on GROY shares. Scotiabank boosted their target price on Gold Royalty from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Zacks Research cut Gold Royalty from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. National Bank Financial restated an “outperform” rating and set a $5.50 price objective on shares of Gold Royalty in a report on Wednesday, December 10th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $5.00 price objective (up from $4.50) on shares of Gold Royalty in a research note on Thursday, January 22nd. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $4.75 target price on shares of Gold Royalty in a research report on Tuesday, December 9th.

Gold Royalty Stock Performance

Shares of NYSEAMERICAN:GROY opened at $3.68 on Friday. The company has a market capitalization of $849.31 million, a PE ratio of -184.00 and a beta of 1.06. The stock has a fifty day moving average of $4.14 and a 200-day moving average of $4.02. Gold Royalty has a one year low of $1.23 and a one year high of $5.45.

Hedge Funds Weigh In On Gold Royalty

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its stake in Gold Royalty by 68.0% during the 2nd 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 during the period. Caitong International Asset Management Co. Ltd boosted 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 worth $29,000 after buying an additional 7,276 shares during the period. Pacifica Partners Inc. acquired a new stake in shares of Gold Royalty in the third quarter worth $32,000. Squarepoint Ops LLC grew its holdings 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 valued at $282,000 after buying an additional 8,663 shares in the last quarter. Finally, SevenBridge Financial Group LLC acquired a new position in Gold Royalty during the fourth quarter valued at $40,000. 33.75% of the stock is currently owned by hedge funds and other institutional investors.

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.