JPMorgan Chase & Co. Grows Stock Holdings in Gold Royalty Corp. $GROY

JPMorgan Chase & Co. grew its holdings in shares of Gold Royalty Corp. (NYSEAMERICAN:GROY) by 46.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,523,522 shares of the company’s stock after purchasing an additional 481,381 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.77% of Gold Royalty worth $5,881,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Geneos Wealth Management Inc. grew its position in shares of Gold Royalty by 68.0% in 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 period. Pacifica Partners Inc. purchased a new position in Gold Royalty during the third quarter worth about $32,000. Raymond James Financial Inc. boosted its stake in Gold Royalty by 1,190.4% in the 3rd quarter. Raymond James Financial Inc. now owns 12,917 shares of the company’s stock worth $50,000 after buying an additional 11,916 shares during the last quarter. TD Waterhouse Canada Inc. purchased a new stake in Gold Royalty in the 3rd quarter valued at about $54,000. Finally, Schonfeld Strategic Advisors LLC grew its holdings in Gold Royalty by 130.0% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 25,057 shares of the company’s stock valued at $97,000 after buying an additional 14,165 shares during the period. Institutional investors and hedge funds own 33.75% of the company’s stock.

Gold Royalty Price Performance

NYSEAMERICAN GROY opened at $3.58 on Wednesday. Gold Royalty Corp. has a 1-year low of $1.23 and a 1-year high of $5.45. The firm has a market capitalization of $826.23 million, a P/E ratio of -179.00 and a beta of 0.97. The business’s 50-day simple moving average is $4.19 and its 200-day simple moving average is $4.03.

Analysts Set New Price Targets

GROY has been the subject of a number of research analyst reports. Maxim Group set a $7.00 price objective on shares of Gold Royalty in a research note on Friday, January 23rd. Zacks Research downgraded shares of Gold Royalty from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. BMO Capital Markets reaffirmed an “outperform” rating and set a $4.75 price target on shares of Gold Royalty in a research report on Tuesday, December 9th. HC Wainwright cut their price target on shares of Gold Royalty from $7.00 to $6.75 and set a “buy” rating on the stock in a research note on Friday, March 20th. Finally, Canaccord Genuity Group reiterated a “hold” rating and issued a $5.00 price target (up from $4.50) on shares of Gold Royalty in a report on Thursday, January 22nd. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Gold Royalty has a consensus rating of “Moderate Buy” and a consensus target price of $5.64.

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.