Gold Royalty Corp. (NYSEAMERICAN:GROY) Receives Average Rating of “Moderate Buy” from Brokerages

Gold Royalty Corp. (NYSEAMERICAN:GROY) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $5.7857.

Several equities research analysts have recently commented on the stock. HC Wainwright raised their target price on shares of Gold Royalty from $6.75 to $7.75 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Zacks Research cut shares of Gold Royalty from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Canaccord Genuity Group raised shares of Gold Royalty from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research report on Wednesday, April 29th.

Gold Royalty Stock Up 2.3%

Shares of GROY opened at $3.05 on Wednesday. The stock has a market capitalization of $703.97 million, a P/E ratio of -17.94 and a beta of 0.91. The firm has a fifty day simple moving average of $3.36 and a two-hundred day simple moving average of $3.92. Gold Royalty has a twelve month low of $2.12 and a twelve month high of $5.45.

Gold Royalty (NYSEAMERICAN:GROY) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $9.36 million during the quarter, compared to analysts’ expectations of $7.94 million. Gold Royalty had a negative net margin of 5.65% and a positive return on equity of 0.44%. Sell-side analysts expect that Gold Royalty will post 0.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Gold Royalty

Several institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC lifted its position in shares of Gold Royalty by 118.8% in the 1st quarter. Kestra Advisory Services LLC now owns 10,939 shares of the company’s stock worth $39,000 after purchasing an additional 5,939 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Gold Royalty by 68.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 16,800 shares of the company’s stock worth $37,000 after purchasing an additional 6,800 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in shares of Gold Royalty by 363,800.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 7,278 shares of the company’s stock worth $29,000 after purchasing an additional 7,276 shares during the period. Squarepoint Ops LLC lifted its position in shares of Gold Royalty by 14.2% in the 4th quarter. Squarepoint Ops LLC now owns 69,877 shares of the company’s stock worth $282,000 after purchasing an additional 8,663 shares during the period. Finally, SevenBridge Financial Group LLC purchased a new stake in shares of Gold Royalty in the 4th quarter worth about $40,000. 33.75% of the stock is 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.