Zazove Associates LLC Acquires 200,000 Shares of Gold Royalty Corp. (NYSE:GROY)

Zazove Associates LLC raised its holdings in shares of Gold Royalty Corp. (NYSE:GROY) by 83.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 441,000 shares of the company’s stock after buying an additional 200,000 shares during the period. Zazove Associates LLC owned about 0.26% of Gold Royalty worth $534,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Verition Fund Management LLC bought a new position in shares of Gold Royalty in the third quarter worth approximately $32,000. XTX Topco Ltd purchased a new stake in shares of Gold Royalty during the 3rd quarter valued at about $83,000. Sprott Inc. lifted its stake 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 purchasing an additional 252,735 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in Gold Royalty by 20.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 125,910 shares of the company’s stock worth $152,000 after buying an additional 21,717 shares during the period. Finally, Bank of Montreal Can grew its holdings in Gold Royalty by 15.4% during 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 during the last quarter. Hedge funds and other institutional investors own 33.75% of the company’s stock.

Gold Royalty Stock Up 1.5 %

Shares of NYSE GROY opened at $1.33 on Wednesday. Gold Royalty Corp. has a 12-month low of $1.16 and a 12-month high of $2.21. The stock’s fifty day simple moving average is $1.41 and its two-hundred day simple moving average is $1.35. The stock has a market capitalization of $226.73 million, a PE ratio of -10.23 and a beta of 0.79. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.09.

Analysts Set New Price Targets

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

Gold Royalty Company 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.