Short Interest in Gold Royalty Corp. (NYSEAMERICAN:GROY) Declines By 12.1%

Gold Royalty Corp. (NYSEAMERICAN:GROY) 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.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GROY. Austin Wealth Management LLC purchased a new stake in Gold Royalty during the 4th quarter valued at about $44,000. Peregrine Asset Advisers Inc. purchased a new stake in Gold Royalty during the 4th quarter valued at about $59,000. GSA Capital Partners LLP grew its position in Gold Royalty by 70.9% during the 1st quarter. GSA Capital Partners LLP now owns 257,222 shares of the company’s stock valued at $484,000 after purchasing an additional 106,700 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in Gold Royalty by 9.8% during the 4th quarter. Van ECK Associates Corp now owns 5,898,131 shares of the company’s stock valued at $8,670,000 after purchasing an additional 525,594 shares during the last quarter. 33.75% of the stock is currently owned by institutional investors.

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.