Pacific Point Advisors LLC Takes $71,000 Position in Gold Royalty Corp. (NYSE:GROY)

Pacific Point Advisors LLC purchased a new position in shares of Gold Royalty Corp. (NYSE:GROY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 58,700 shares of the company’s stock, valued at approximately $71,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of Montreal Can boosted its holdings in Gold Royalty by 15.4% in the 4th quarter. Bank of Montreal Can now owns 3,591,397 shares of the company’s stock valued at $4,346,000 after purchasing an additional 478,665 shares in the last quarter. Zazove Associates LLC lifted its holdings in shares of Gold Royalty by 83.0% in the 4th quarter. Zazove Associates LLC now owns 441,000 shares of the company’s stock valued at $534,000 after buying an additional 200,000 shares during the period. Sprott Inc. lifted its holdings in shares of Gold Royalty by 227.5% in the 4th quarter. Sprott Inc. now owns 363,841 shares of the company’s stock valued at $440,000 after buying an additional 252,735 shares during the period. Regal Partners Ltd boosted its stake in shares of Gold Royalty by 40.2% in the fourth quarter. Regal Partners Ltd now owns 196,658 shares of the company’s stock valued at $238,000 after buying an additional 56,390 shares in the last quarter. Finally, Eagle Global Advisors LLC acquired a new position in Gold Royalty during the fourth quarter worth $206,000. 33.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, HC Wainwright raised their target price on Gold Royalty from $5.50 to $5.75 and gave the company a “buy” rating in a report on Wednesday, February 5th.

Gold Royalty Trading Up 2.8%

Shares of Gold Royalty stock opened at $1.84 on Friday. The company has a 50-day moving average of $1.51 and a two-hundred day moving average of $1.38. Gold Royalty Corp. has a 12-month low of $1.16 and a 12-month high of $1.93. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.09. The stock has a market cap of $313.66 million, a PE ratio of -14.15 and a beta of 0.78.

Gold Royalty Profile

Gold Royalty Corp., a precious metals-focused royalty company, provides financing solutions to the metals and mining industry. It focuses on acquiring royalties, streams, and similar interests at varying stages of the mine life cycle to build a portfolio offering near, medium, and longer-term returns for its investors.