Gold Royalty Corp. (NYSEAMERICAN:GROY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Gold Royalty Corp. (NYSEAMERICAN:GROY) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $5.6429.

GROY has been the topic of a number of recent analyst reports. Scotiabank reduced their price target on Gold Royalty from $6.00 to $5.75 and set an “outperform” rating on the stock in a research note on Tuesday, July 14th. HC Wainwright lowered their price objective on Gold Royalty from $7.75 to $7.00 and set a “buy” rating for the company in a research report on Thursday, August 6th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Groupe la Francaise raised its stake in Gold Royalty by 88.9% during the first quarter. Groupe la Francaise now owns 1,700,000 shares of the company’s stock worth $6,067,000 after purchasing an additional 800,000 shares during the period. Amundi grew its stake in shares of Gold Royalty by 20.0% during the 1st quarter. Amundi now owns 3,000,000 shares of the company’s stock valued at $10,740,000 after buying an additional 500,000 shares during the period. Simcoe Capital LLC acquired a new stake in shares of Gold Royalty during the 4th quarter worth $3,062,000. Renaissance Technologies LLC increased its holdings in shares of 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 buying an additional 1,711,425 shares during the last quarter. Finally, Extract Advisors LLC acquired a new stake in shares of Gold Royalty during the 1st quarter worth $4,827,000. Institutional investors and hedge funds own 33.75% of the company’s stock.

Gold Royalty Price Performance

NYSEAMERICAN GROY opened at $3.35 on Monday. The stock has a market cap of $773.21 million, a price-to-earnings ratio of 335.34 and a beta of 0.99. The business has a fifty day moving average of $2.92 and a 200-day moving average of $3.32. Gold Royalty has a fifty-two week low of $2.45 and a fifty-two week high of $5.45.

Gold Royalty (NYSEAMERICAN:GROY) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $7.93 million for the quarter, compared to analysts’ expectations of $8.34 million. Gold Royalty had a net margin of 6.65% and a return on equity of 0.68%. As a group, analysts anticipate that Gold Royalty will post 0.05 EPS 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.