Analysts Set Gold Royalty Corp. (NYSEAMERICAN:GROY) Target Price at $5.79

Shares of Gold Royalty Corp. (NYSEAMERICAN:GROY) have received a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $5.75.

GROY has been the topic of several analyst reports. Scotiabank cut their target price on Gold Royalty from $6.00 to $5.75 and set an “outperform” rating on the stock in a research report on Tuesday. Canaccord Genuity Group upgraded Gold Royalty from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research report on Wednesday, April 29th. 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, 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 report on Thursday, May 7th.

Gold Royalty Stock Performance

Shares of GROY opened at $2.52 on Friday. The company’s fifty day moving average is $2.98 and its 200 day moving average is $3.70. Gold Royalty has a fifty-two week low of $2.37 and a fifty-two week high of $5.45. The stock has a market capitalization of $581.64 million, a PE ratio of -14.82 and a beta of 0.92.

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

Institutional Trading of Gold Royalty

Institutional investors have recently added to or reduced their stakes in the company. Amundi bought a new position in Gold Royalty in the 1st quarter valued at $695,000. Goldman Sachs Group Inc. raised its stake in shares of Gold Royalty by 140.7% during the first quarter. Goldman Sachs Group Inc. now owns 99,504 shares of the company’s stock valued at $143,000 after acquiring an additional 58,172 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Gold Royalty by 1,918.6% in the second quarter. JPMorgan Chase & Co. now owns 1,042,141 shares of the company’s stock valued at $2,303,000 after purchasing an additional 990,515 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Gold Royalty in the second quarter valued at approximately $406,000. Finally, Walleye Capital LLC bought a new position in Gold Royalty in the second quarter worth approximately $44,000. 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.