Sprott Inc. Buys 252,735 Shares of Gold Royalty Corp. (NYSE:GROY)

Sprott Inc. lifted its position in Gold Royalty Corp. (NYSE:GROY) by 227.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 363,841 shares of the company’s stock after purchasing an additional 252,735 shares during the period. Sprott Inc. owned 0.22% of Gold Royalty worth $440,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Verition Fund Management LLC bought a new position in Gold Royalty during the 3rd quarter worth about $32,000. SageView Advisory Group LLC purchased a new stake in shares of Gold Royalty in the 3rd quarter worth approximately $34,000. Oxbow Advisors LLC bought a new position in shares of Gold Royalty during the third quarter valued at approximately $49,000. XTX Topco Ltd purchased a new position in Gold Royalty during the third quarter valued at approximately $83,000. Finally, Regal Partners Ltd raised its stake in Gold Royalty by 69.0% in the third quarter. Regal Partners Ltd now owns 140,268 shares of the company’s stock worth $191,000 after buying an additional 57,251 shares in the last quarter. Institutional investors own 33.75% of the company’s stock.

Gold Royalty Price Performance

Shares of GROY opened at $1.39 on Thursday. The company has a 50 day moving average of $1.29 and a two-hundred day moving average of $1.32. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.09. Gold Royalty Corp. has a twelve month low of $1.16 and a twelve month high of $2.21. The company has a market cap of $235.01 million, a price-to-earnings ratio of -10.69 and a beta of 0.89.

Analyst Ratings Changes

Several analysts have issued reports on GROY shares. HC Wainwright increased their target price on Gold Royalty from $5.50 to $5.75 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Scotiabank dropped their price objective on Gold Royalty from $2.50 to $2.25 and set a “sector outperform” rating on the stock in a research report on Monday, November 25th.

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.