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

Shares of Gold Royalty Corp. (NYSEAMERICAN:GROY) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $5.7857.

Several brokerages recently weighed in on GROY. HC Wainwright boosted their price objective on Gold Royalty from $6.75 to $7.75 and gave the company a “buy” rating in a report on Thursday, May 7th. Canaccord Genuity Group raised Gold Royalty from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a report on Wednesday, April 29th. Finally, Zacks Research lowered Gold Royalty from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th.

Gold Royalty Stock Up 0.7%

Shares of Gold Royalty stock opened at $2.82 on Wednesday. The firm has a market cap of $650.88 million, a P/E ratio of -16.59 and a beta of 0.91. Gold Royalty has a fifty-two week low of $2.13 and a fifty-two week high of $5.45. The business has a 50-day moving average price of $3.29 and a 200 day moving average price of $3.87.

Gold Royalty (NYSEAMERICAN:GROY) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $9.36 million during 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 research analysts anticipate that Gold Royalty will post 0.05 earnings per share for the current year.

Hedge Funds Weigh In On Gold Royalty

Several institutional investors have recently made changes to their positions in GROY. Caitong International Asset Management Co. Ltd grew its holdings 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 valued at $29,000 after purchasing an additional 7,276 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings 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 purchasing an additional 6,800 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in shares of Gold Royalty by 118.8% during the first quarter. Kestra Advisory Services LLC now owns 10,939 shares of the company’s stock valued at $39,000 after purchasing an additional 5,939 shares during the last quarter. SevenBridge Financial Group LLC bought a new position in shares of Gold Royalty during the fourth quarter valued at approximately $40,000. Finally, NewEdge Advisors LLC bought a new position in shares of Gold Royalty during the first quarter valued at approximately $40,000. 33.75% of the stock is owned by 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.