Gold Royalty Corp. (NYSEAMERICAN:GROY) Stock Has Consensus Price Target of $5.64 According to Analysts

Shares of Gold Royalty Corp. (NYSEAMERICAN:GROY) have received a consensus rating of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $5.64.

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

Gold Royalty Stock Performance

NYSEAMERICAN:GROY opened at $3.16 on Friday. The company has a market capitalization of $729.36 million, a P/E ratio of 316.32 and a beta of 0.99. Gold Royalty has a 12 month low of $2.45 and a 12 month high of $5.45. The business’s 50-day moving average is $3.11 and its 200 day moving average is $3.20.

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

Institutional Investors Weigh In On Gold Royalty

Several large investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP bought a new stake in shares of Gold Royalty in the 2nd quarter worth about $136,000. Groupe la Francaise boosted its stake in shares of Gold Royalty by 5.9% during the 2nd quarter. Groupe la Francaise now owns 1,800,000 shares of the company’s stock worth $4,972,000 after purchasing an additional 100,000 shares during the period. AXQ Capital LP bought a new position in Gold Royalty during the 2nd quarter valued at about $29,000. NINE MASTS CAPITAL Ltd bought a new position in Gold Royalty during the 2nd quarter valued at about $77,000. Finally, Prospect Financial Group LLC bought a new stake in shares of Gold Royalty during the second quarter worth $43,000. 33.75% of the stock is owned by institutional investors.

About Gold Royalty

Gold Royalty Corp. (NYSE American: GROY) is a precious-metals royalty and streaming company. Rather than operating mines directly, the company provides financing to mining and exploration companies in exchange for contractual interests in future production, such as royalties, streams and other mineral-rights payments.

Its portfolio is focused primarily on gold properties in the Americas, with exposure to mining districts in the United States, Canada and Mexico. Gold Royalty’s interests may cover producing, development-stage and exploration properties, allowing the company to participate in potential mineral production without bearing the direct operating and capital costs associated with owning and running mines.

Gold Royalty was established as part of the growth of the modern precious-metals royalty sector and became publicly listed in 2021.