Gold Royalty (NYSEAMERICAN:GROY) Shares Gap Up Following Analyst Upgrade

Gold Royalty Corp. (NYSEAMERICAN:GROY)’s stock price gapped up before the market opened on Thursday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $2.89, but opened at $3.44. Gold Royalty shares last traded at $3.1450, with a volume of 1,202,119 shares traded.

Several other brokerages have also recently issued reports on GROY. Scotiabank dropped their price target on Gold Royalty from $6.00 to $5.75 and set an “outperform” rating on the stock in a research report on Tuesday, July 14th. HC Wainwright lowered their target price on Gold Royalty from $7.75 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. TD set a $4.00 target price on Gold Royalty and gave the company a “buy” rating in a report on Thursday, October 8th. Finally, TD Securities started coverage on Gold Royalty in a report on Thursday, October 8th. They set a “buy” rating and a $4.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $5.38.

Gold Royalty News Summary

Here are the key news stories impacting Gold Royalty this week:

• Positive Sentiment: Gold Royalty reported record Q3 revenue of about $10.2 million, up 147% year over year, alongside sharply higher earnings and cash flow; an earnings-call summary also reported that EBITDA tripled. These growth trends could support investor confidence in the royalty company’s expanding asset base. Gold Royalty Q3 results
• Positive Sentiment: HC Wainwright raised its FY2026 EPS forecast to $0.05 from $0.04 and estimates $0.05 for FY2027. The firm maintained its Buy rating and $7 price target, reinforcing a bullish analyst view.
• Neutral Sentiment: Q3 EPS of $0.02 matched consensus expectations, as did revenue of approximately $10.25 million, so the quarter’s headline results were not an earnings or sales surprise.

Institutional Trading of Gold Royalty

Several hedge funds have recently modified their holdings of GROY. Amundi raised its position in Gold Royalty by 20.0% in the first quarter. Amundi now owns 3,000,000 shares of the company’s stock worth $10,740,000 after acquiring an additional 500,000 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Gold Royalty by 560.4% in the 1st quarter. Renaissance Technologies LLC now owns 2,016,825 shares of the company’s stock valued at $7,220,000 after purchasing an additional 1,711,425 shares in the last quarter. Groupe la Francaise lifted its stake in shares of Gold Royalty by 88.9% in the first quarter. Groupe la Francaise now owns 1,700,000 shares of the company’s stock valued at $6,067,000 after purchasing an additional 800,000 shares during the period. U S Global Investors Inc. acquired a new stake in shares of Gold Royalty in the third quarter valued at about $5,125,000. Finally, Extract Advisors LLC purchased a new stake in Gold Royalty during the first quarter worth about $4,827,000. 33.75% of the stock is owned by institutional investors and hedge funds.

Gold Royalty Price Performance

The firm’s 50-day simple moving average is $3.08 and its two-hundred day simple moving average is $3.37. The company has a market capitalization of $720.13 million, a price-to-earnings ratio of 78.02 and a beta of 1.15.

Gold Royalty (NYSEAMERICAN:GROY) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. The company had revenue of $10.25 million during the quarter, compared to the consensus estimate of $10.25 million. Gold Royalty had a net margin of 6.65% and a return on equity of 0.68%. On average, analysts expect that Gold Royalty Corp. will post 0.05 EPS for the current fiscal year.

About Gold Royalty

Gold Royalty Corp. is a precious-metals royalty and streaming company focused primarily on gold. Rather than operating mines directly, the company provides capital to mining companies in exchange for royalty interests, streams and other contractual rights tied to future production or revenue from mineral projects.

Gold Royalty’s portfolio includes interests in exploration, development and producing properties, with exposure concentrated in the Americas. Its assets span mining jurisdictions including Canada, the United States, Mexico and other countries in Latin America.