Gold Royalty (NYSEAMERICAN:GROY) Rating Lowered to “Hold” at Zacks Research

Gold Royalty (NYSEAMERICAN:GROY) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

GROY has been the topic of several other research reports. BMO Capital Markets reiterated an “outperform” rating and issued a $4.75 price target on shares of Gold Royalty in a report on Tuesday, December 9th. Canaccord Genuity Group reissued a “hold” rating and set a $5.00 price objective (up from $4.50) on shares of Gold Royalty in a report on Thursday, January 22nd. HC Wainwright cut their target price on shares of Gold Royalty from $7.00 to $6.75 and set a “buy” rating on the stock in a research report on Friday, March 20th. National Bank Financial reaffirmed an “outperform” rating and issued a $5.50 target price on shares of Gold Royalty in a research note on Wednesday, December 10th. Finally, Maxim Group set a $7.00 price target on shares of Gold Royalty in a research report on Friday, January 23rd. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Gold Royalty presently has a consensus rating of “Moderate Buy” and an average price target of $5.64.

Gold Royalty Stock Performance

Shares of GROY opened at $3.34 on Tuesday. The business’s fifty day moving average price is $4.32 and its two-hundred day moving average price is $4.04. The firm has a market capitalization of $770.84 million, a price-to-earnings ratio of -167.00 and a beta of 0.97. Gold Royalty has a 52 week low of $1.23 and a 52 week high of $5.45.

Institutional Investors Weigh In On Gold Royalty

A number of institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd increased its holdings in Gold Royalty by 363,800.0% in 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. Pacifica Partners Inc. bought a new position in Gold Royalty during the third quarter worth about $32,000. Geneos Wealth Management Inc. grew its position in shares of Gold Royalty by 68.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 16,800 shares of the company’s stock worth $37,000 after buying an additional 6,800 shares during the period. SevenBridge Financial Group LLC acquired a new position in shares of Gold Royalty during the 4th quarter worth about $40,000. Finally, Aptus Capital Advisors LLC bought a new stake in shares of Gold Royalty in the 4th quarter valued at about $40,000. 33.75% of the stock is owned by institutional investors and hedge funds.

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.