Gold Royalty Corp. (NYSEAMERICAN:GROY – Get Free Report) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 2,480,000 shares, a decrease of 12.1% from the July 15th total of 2,820,000 shares. Based on an average daily volume of 1,240,000 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.8% of the company’s shares are sold short.
Analyst Upgrades and Downgrades
Several brokerages have commented on GROY. Raymond James upgraded shares of Gold Royalty from a “market perform” rating to an “outperform” rating and set a $2.75 price objective for the company in a report on Monday, June 3rd. HC Wainwright restated a “buy” rating and issued a $5.75 price objective on shares of Gold Royalty in a report on Wednesday, May 15th. Finally, BMO Capital Markets upgraded shares of Gold Royalty from a “market perform” rating to an “outperform” rating and set a $2.50 price target for the company in a research note on Monday, June 3rd.
Get Our Latest Stock Report on GROY
Institutional Inflows and Outflows
Gold Royalty Stock Up 2.2 %
Shares of Gold Royalty stock traded up $0.03 during trading on Monday, hitting $1.38. The company’s stock had a trading volume of 299,262 shares, compared to its average volume of 877,425. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market cap of $201.09 million, a price-to-earnings ratio of -7.94 and a beta of 1.02. Gold Royalty has a 52 week low of $1.18 and a 52 week high of $2.21.
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.
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