Gold Royalty (NYSEAMERICAN:GROY) Trading Up 5.8% – Time to Buy?

Gold Royalty Corp. (NYSEAMERICAN:GROY)’s stock price was up 5.8% on Friday . The stock traded as high as $3.34 and last traded at $3.3650. Approximately 737,761 shares traded hands during trading, a decline of 79% from the average daily volume of 3,478,896 shares. The stock had previously closed at $3.18.

Analyst Ratings Changes

GROY has been the topic of several research analyst reports. National Bank Financial reiterated an “outperform” rating and set a $5.50 price target on shares of Gold Royalty in a research note on Wednesday, December 10th. HC Wainwright decreased their target price on Gold Royalty from $7.00 to $6.75 and set a “buy” rating for the company in a research report on Friday, March 20th. Maxim Group set a $7.00 price objective on Gold Royalty in a research note on Friday, January 23rd. 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 report on Thursday, January 22nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $4.75 target price on shares of Gold Royalty in a report on Tuesday, December 9th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $5.64.

Gold Royalty Trading Up 4.0%

The firm has a 50 day simple moving average of $4.29 and a two-hundred day simple moving average of $4.03. The company has a market capitalization of $763.22 million, a PE ratio of -163.75 and a beta of 0.97.

Hedge Funds Weigh In On Gold Royalty

A number of hedge funds and other institutional investors have recently bought and sold shares of GROY. Regal Partners Ltd raised its position in Gold Royalty by 22,977.8% during the 4th quarter. Regal Partners Ltd now owns 5,712,223 shares of the company’s stock worth $23,534,000 after buying an additional 5,687,471 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Gold Royalty in the fourth quarter valued at about $15,928,000. Mudita Advisors LLP acquired a new position in shares of Gold Royalty during the fourth quarter worth about $8,484,000. Amundi raised its holdings in Gold Royalty by 300.0% during the second quarter. Amundi now owns 2,000,000 shares of the company’s stock worth $4,520,000 after purchasing an additional 1,500,000 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD purchased a new position in Gold Royalty during the fourth quarter worth about $4,684,000. 33.75% of the stock is currently 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.