Analysts Set Gold Royalty Corp. (NYSEAMERICAN:GROY) Price Target at $5.79

Gold Royalty Corp. (NYSEAMERICAN:GROY) has been given an average rating of “Moderate Buy” by the eight ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $5.7857.

Several research firms recently commented on GROY. Canaccord Genuity Group raised Gold Royalty from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research note on Wednesday, April 29th. Zacks Research lowered shares of Gold Royalty from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Finally, HC Wainwright increased their target price on shares of Gold Royalty from $6.75 to $7.75 and gave the stock a “buy” rating in a research note on Thursday, May 7th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GROY. Regal Partners Ltd increased its holdings 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 acquiring an additional 5,687,471 shares during the period. CWA Asset Management Group LLC purchased a new stake in shares of Gold Royalty in the 4th quarter valued at $15,928,000. Mudita Advisors LLP purchased a new position in shares of Gold Royalty in the fourth quarter worth about $8,484,000. Renaissance Technologies LLC grew its position 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 acquiring an additional 1,711,425 shares during the last quarter. Finally, Amundi grew its holdings in shares of Gold Royalty by 300.0% in 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 during the last quarter. Institutional investors own 33.75% of the company’s stock.

Gold Royalty Stock Performance

Gold Royalty stock opened at $3.16 on Friday. Gold Royalty has a 52 week low of $1.81 and a 52 week high of $5.45. The stock has a market capitalization of $729.36 million, a P/E ratio of -18.59 and a beta of 0.94. The stock has a fifty day moving average of $3.48 and a 200-day moving average of $3.98.

Gold Royalty (NYSEAMERICAN:GROY) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $9.36 million during the quarter, compared to the consensus estimate of $7.94 million. Gold Royalty had a negative net margin of 5.65% and a positive return on equity of 0.44%. On average, research analysts forecast that Gold Royalty will post 0.05 earnings per share for the current year.

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.