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

Gold Royalty Corp. (NYSEAMERICAN:GROY) has been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $5.75.

Several equities research analysts recently commented on GROY shares. Canaccord Genuity Group raised shares of Gold Royalty from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research note on Wednesday, April 29th. Scotiabank cut their target price on shares of Gold Royalty from $6.00 to $5.75 and set an “outperform” rating on the stock in a research note on Tuesday, July 14th. Finally, HC Wainwright increased their target price on Gold Royalty from $6.75 to $7.75 and gave the company a “buy” rating in a report on Thursday, May 7th.

Institutional Investors Weigh In On Gold Royalty

Several hedge funds have recently bought and sold shares of GROY. Kestra Advisory Services LLC boosted its position in Gold Royalty by 118.8% during the 1st quarter. Kestra Advisory Services LLC now owns 10,939 shares of the company’s stock worth $39,000 after acquiring an additional 5,939 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Gold Royalty by 68.0% in the 2nd 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. Caitong International Asset Management Co. Ltd lifted its position in shares of 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 worth $29,000 after purchasing an additional 7,276 shares in the last quarter. Squarepoint Ops LLC lifted its position in shares of Gold Royalty by 14.2% in the fourth quarter. Squarepoint Ops LLC now owns 69,877 shares of the company’s stock worth $282,000 after purchasing an additional 8,663 shares in the last quarter. Finally, SevenBridge Financial Group LLC acquired a new stake in shares of Gold Royalty during the fourth quarter worth approximately $40,000. 33.75% of the stock is owned by hedge funds and other institutional investors.

Gold Royalty Trading Up 7.4%

NYSEAMERICAN GROY opened at $2.89 on Thursday. The stock’s 50-day moving average price is $2.78 and its two-hundred day moving average price is $3.53. The company has a market cap of $667.04 million, a PE ratio of -17.00 and a beta of 0.94. Gold Royalty has a 1 year low of $2.45 and a 1 year high of $5.45.

Gold Royalty (NYSEAMERICAN:GROY) last announced its earnings results on Wednesday, August 5th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $7.93 million during the quarter, compared to analysts’ expectations of $8.34 million. Gold Royalty had a negative net margin of 5.65% and a positive return on equity of 0.44%. Research analysts forecast that Gold Royalty will post 0.05 EPS for the current fiscal 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.