Analysts Set Gold Royalty Corp. (NYSE:GROY) Price Target at $4.75

Shares of Gold Royalty Corp. (NYSE:GROY) have been assigned an average rating of “Buy” from the seven research firms that are covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $4.75.

GROY has been the topic of a number of analyst reports. HC Wainwright boosted their price target on Gold Royalty from $5.75 to $6.25 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Zacks Research raised Gold Royalty from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. Maxim Group began coverage on Gold Royalty in a research note on Thursday, September 11th. They issued a “buy” rating and a $6.00 target price on the stock. Raymond James Financial set a $4.50 price target on Gold Royalty and gave the stock an “outperform” rating in a research report on Friday, October 10th. Finally, Scotiabank upped their price target on shares of Gold Royalty from $3.30 to $4.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd.

Gold Royalty Stock Performance

Shares of GROY stock opened at $4.26 on Friday. The company’s fifty day moving average price is $3.70 and its 200-day moving average price is $3.03. The stock has a market cap of $726.20 million, a PE ratio of -32.77 and a beta of 0.99. 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 12 month low of $1.16 and a 12 month high of $4.47.

Institutional Investors Weigh In On Gold Royalty

Institutional investors and hedge funds have recently made changes to their positions in the company. XTX Topco Ltd bought a new stake in Gold Royalty in the 1st quarter worth about $91,000. Medici Capital LLC purchased a new stake in shares of Gold Royalty during the 2nd quarter valued at about $252,000. Goldman Sachs Group Inc. grew its stake in shares of Gold Royalty by 140.7% in the first quarter. Goldman Sachs Group Inc. now owns 99,504 shares of the company’s stock worth $143,000 after acquiring an additional 58,172 shares during the period. Groupe la Francaise bought a new stake in shares of Gold Royalty in the first quarter worth approximately $129,000. Finally, PFG Investments LLC purchased a new position in shares of Gold Royalty during the second quarter valued at approximately $43,000. Institutional investors own 33.75% of the company’s stock.

About Gold Royalty

Gold Royalty Corp., a precious metals-focused royalty company, provides financing solutions to the metals and mining industry. It focuses on acquiring royalties, streams, and similar interests at varying stages of the mine life cycle to build a portfolio offering near, medium, and longer-term returns for its investors.