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

Gold Royalty Corp. (NYSEAMERICAN:GROY) has received a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $5.6429.

GROY has been the topic of a number of recent analyst reports. HC Wainwright reduced their target price on Gold Royalty from $7.75 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Scotiabank lowered their target price on shares of Gold Royalty from $6.00 to $5.75 and set an “outperform” rating for the company in a research note on Tuesday, July 14th.

Gold Royalty Stock Performance

Shares of NYSEAMERICAN GROY opened at $3.32 on Monday. Gold Royalty has a fifty-two week low of $2.45 and a fifty-two week high of $5.45. The company has a market cap of $766.29 million, a price-to-earnings ratio of 332.33 and a beta of 0.94. The business’s 50 day moving average price is $2.86 and its 200-day moving average price is $3.36.

Gold Royalty (NYSEAMERICAN:GROY) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. Gold Royalty had a return on equity of 0.68% and a net margin of 6.65%.The company had revenue of $7.93 million during the quarter, compared to analysts’ expectations of $8.34 million. Sell-side analysts predict that Gold Royalty will post 0.05 earnings per share for the current year.

Institutional Investors Weigh In On Gold Royalty

Large investors have recently added to or reduced their stakes in the stock. Regal Partners Ltd grew its stake in Gold Royalty by 22,977.8% in the 4th quarter. Regal Partners Ltd now owns 5,712,223 shares of the company’s stock worth $23,534,000 after acquiring an additional 5,687,471 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Gold Royalty by 7.0% in the fourth quarter. Van ECK Associates Corp now owns 5,385,673 shares of the company’s stock valued at $21,758,000 after purchasing an additional 351,165 shares during the period. Amundi grew its stake in Gold Royalty by 20.0% in the first quarter. Amundi now owns 3,000,000 shares of the company’s stock worth $10,740,000 after purchasing an additional 500,000 shares in the last quarter. Mudita Advisors LLP purchased a new position in Gold Royalty during the 4th quarter worth $8,484,000. Finally, Renaissance Technologies LLC increased its holdings in Gold Royalty by 560.4% during the 1st quarter. Renaissance Technologies LLC now owns 2,016,825 shares of the company’s stock worth $7,220,000 after purchasing an additional 1,711,425 shares during the period. 33.75% of the stock is owned by hedge funds and other 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.