Van ECK Associates Corp Lowers Position in Gold Royalty Corp. $GROY

Van ECK Associates Corp decreased its position in shares of Gold Royalty Corp. (NYSEAMERICAN:GROY) by 3.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 5,034,508 shares of the company’s stock after selling 199,339 shares during the period. Van ECK Associates Corp owned about 2.95% of Gold Royalty worth $19,433,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Amundi lifted its stake in shares of Gold Royalty by 300.0% in the 2nd quarter. Amundi now owns 2,000,000 shares of the company’s stock valued at $4,520,000 after purchasing an additional 1,500,000 shares during the period. JPMorgan Chase & Co. raised its holdings in Gold Royalty by 46.2% in the third quarter. JPMorgan Chase & Co. now owns 1,523,522 shares of the company’s stock worth $5,881,000 after purchasing an additional 481,381 shares in the last quarter. Groupe la Francaise raised its holdings in Gold Royalty by 594.7% in the second quarter. Groupe la Francaise now owns 600,000 shares of the company’s stock worth $1,320,000 after purchasing an additional 513,636 shares in the last quarter. XTX Topco Ltd lifted its position in Gold Royalty by 496.9% during the second quarter. XTX Topco Ltd now owns 377,394 shares of the company’s stock valued at $834,000 after buying an additional 314,170 shares during the period. Finally, Quantbot Technologies LP lifted its position in Gold Royalty by 43.8% during the third quarter. Quantbot Technologies LP now owns 263,972 shares of the company’s stock valued at $1,019,000 after buying an additional 80,417 shares during the period. Institutional investors own 33.75% of the company’s stock.

Analyst Ratings Changes

GROY has been the topic of a number of recent research reports. Zacks Research raised shares of Gold Royalty from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. BMO Capital Markets reissued an “outperform” rating and set a $4.75 price objective on shares of Gold Royalty in a research note on Tuesday, December 9th. National Bank Financial restated an “outperform” rating and issued a $5.50 price objective on shares of Gold Royalty in a report on Wednesday, December 10th. Maxim Group set a $7.00 target price on shares of Gold Royalty in a research note on Friday, January 23rd. Finally, HC Wainwright lifted their target price on shares of Gold Royalty from $6.25 to $7.00 and gave the company a “buy” rating in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $5.68.

Gold Royalty Stock Down 2.3%

Shares of NYSEAMERICAN GROY traded down $0.10 during trading on Friday, reaching $3.98. The company had a trading volume of 853,853 shares, compared to its average volume of 3,487,365. Gold Royalty Corp. has a 12-month low of $1.23 and a 12-month high of $5.45. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.09. The business’s 50-day moving average is $4.50 and its 200 day moving average is $4.04. The stock has a market cap of $874.46 million, a PE ratio of -99.38 and a beta of 0.97.

Gold Royalty Profile

Gold Royalty Corp is a precious metals royalty and streaming company that focuses on acquiring and managing royalty interests in gold, silver and other metal assets. The company provides upfront funding to mining operators in exchange for a percentage of future metal production, offering an alternative financing model that can reduce capital requirements and accelerate development timelines for mining projects.

The firm’s diversified portfolio spans royalty and stream agreements across the Americas, with interests in operating mines, development‐stage assets and advanced exploration projects.