Gold Royalty (NYSEAMERICAN:GROY) Shares Down 1.9% – What’s Next?

Shares of Gold Royalty Corp. (NYSEAMERICAN:GROY) dropped 1.9% on Wednesday . The stock traded as low as $2.54 and last traded at $2.60. 2,100,513 shares were traded during trading, an increase of 18% from the average daily volume of 1,776,856 shares. The stock had previously closed at $2.65.

Wall Street Analysts Forecast Growth

GROY has been the subject of a number of research reports. Zacks Research downgraded Gold Royalty from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Canaccord Genuity Group upgraded shares of Gold Royalty from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research note on Wednesday, April 29th. Finally, HC Wainwright raised their price target 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. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Gold Royalty currently has an average rating of “Moderate Buy” and an average target price of $5.79.

Gold Royalty Stock Performance

The company has a fifty day simple moving average of $3.09 and a two-hundred day simple moving average of $3.77. The stock has a market capitalization of $600.11 million, a price-to-earnings ratio of -15.29 and a beta of 0.92.

Gold Royalty (NYSEAMERICAN:GROY) last released its earnings results on Thursday, May 7th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $9.36 million for the quarter, compared to analyst estimates of $7.94 million. Gold Royalty had a positive return on equity of 0.44% and a negative net margin of 5.65%. As a group, equities analysts anticipate that Gold Royalty Corp. will post 0.05 earnings per share for the current year.

Institutional Investors Weigh In On Gold Royalty

Several institutional investors and hedge funds have recently bought and sold shares of the company. Acuitas Investments LLC bought a new position in Gold Royalty in the 3rd quarter valued at about $3,014,000. JPMorgan Chase & Co. lifted its holdings in shares of Gold Royalty by 46.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,523,522 shares of the company’s stock worth $5,881,000 after acquiring an additional 481,381 shares during the period. Tudor Investment Corp ET AL bought a new stake in shares of Gold Royalty during the 3rd quarter worth approximately $1,769,000. CWA Asset Management Group LLC acquired a new stake in shares of Gold Royalty during the 4th quarter worth approximately $15,928,000. Finally, Simcoe Capital LLC acquired a new stake in shares of Gold Royalty during the 4th quarter worth approximately $3,062,000. Institutional investors own 33.75% of the company’s stock.

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.