Gold Royalty (NYSEAMERICAN:GROY) Price Target Cut to $6.75 by Analysts at HC Wainwright

Gold Royalty (NYSEAMERICAN:GROYGet Free Report) had its price objective dropped by stock analysts at HC Wainwright from $7.00 to $6.75 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. HC Wainwright’s target price points to a potential upside of 107.69% from the company’s previous close.

A number of other research firms have also recently weighed in on GROY. Maxim Group set a $7.00 price objective on Gold Royalty in a research report on Friday, January 23rd. Scotiabank raised their target price on shares of Gold Royalty from $5.00 to $6.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Zacks Research raised shares of Gold Royalty from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. BMO Capital Markets reiterated an “outperform” rating and issued a $4.75 price target on shares of Gold Royalty in a research report on Tuesday, December 9th. Finally, Canaccord Genuity Group restated a “hold” rating and set a $5.00 target price (up from $4.50) on shares of Gold Royalty in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $5.64.

Read Our Latest Report on Gold Royalty

Gold Royalty Trading Down 9.5%

NYSEAMERICAN:GROY opened at $3.25 on Friday. Gold Royalty has a one year low of $1.23 and a one year high of $5.45. The business has a fifty day moving average price of $4.44 and a 200-day moving average price of $4.05. The firm has a market capitalization of $714.97 million, a price-to-earnings ratio of -81.25 and a beta of 0.97. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.02 and a quick ratio of 2.02.

Gold Royalty (NYSEAMERICAN:GROYGet Free Report) last released its earnings results on Wednesday, March 18th. The company reported $0.00 earnings per share for the quarter. Gold Royalty had a negative return on equity of 0.80% and a negative net margin of 44.32%.The company had revenue of $5.21 million for the quarter, compared to the consensus estimate of $4.85 million. Sell-side analysts forecast that Gold Royalty will post -0.03 EPS for the current year.

Institutional Investors Weigh In On Gold Royalty

Institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. raised its position in shares of Gold Royalty by 68.0% during the second quarter. Geneos Wealth Management Inc. now owns 16,800 shares of the company’s stock valued at $37,000 after buying an additional 6,800 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Gold Royalty by 363,800.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,278 shares of the company’s stock worth $29,000 after acquiring an additional 7,276 shares during the last quarter. Pacifica Partners Inc. purchased a new position in Gold Royalty during the third quarter valued at $32,000. Squarepoint Ops LLC grew its stake in 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 acquiring an additional 8,663 shares in the last quarter. Finally, SevenBridge Financial Group LLC bought a new stake in Gold Royalty in the 4th quarter valued at $40,000. 33.75% of the stock is owned by hedge funds and other institutional investors.

Gold Royalty News Roundup

Here are the key news stories impacting Gold Royalty this week:

About Gold Royalty

(Get Free Report)

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.

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Analyst Recommendations for Gold Royalty (NYSEAMERICAN:GROY)

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