Gold Royalty (NYSEAMERICAN:GROY) Downgraded by Zacks Research to “Hold”

Zacks Research downgraded shares of Gold Royalty (NYSEAMERICAN:GROY) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. National Bank Financial reiterated an “outperform” rating and set a $5.50 price objective on shares of Gold Royalty in a report on Wednesday, December 10th. HC Wainwright reduced their target price on shares of Gold Royalty from $7.00 to $6.75 and set a “buy” rating on the stock in a research report on Friday, March 20th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $5.00 price target (up from $4.50) on shares of Gold Royalty in a research note on Thursday, January 22nd. Maxim Group set a $7.00 price target on Gold Royalty in a report on Friday, January 23rd. Finally, Scotiabank increased their price objective on Gold Royalty from $5.00 to $6.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $5.64.

Gold Royalty Trading Up 3.1%

NYSEAMERICAN:GROY opened at $3.34 on Tuesday. The company has a market cap of $770.84 million, a price-to-earnings ratio of -167.00 and a beta of 0.97. Gold Royalty has a twelve month low of $1.23 and a twelve month high of $5.45. The stock has a fifty day simple moving average of $4.32 and a 200-day simple moving average of $4.04.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GROY. Acuitas Investments LLC purchased a new stake in shares of Gold Royalty in the 3rd quarter worth approximately $3,014,000. Groupe la Francaise increased its holdings in Gold Royalty by 594.7% during the second quarter. Groupe la Francaise now owns 600,000 shares of the company’s stock valued at $1,320,000 after buying an additional 513,636 shares during the period. XTX Topco Ltd increased its holdings 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. CWA Asset Management Group LLC bought a new position in Gold Royalty in the fourth quarter worth approximately $15,928,000. Finally, Quadrature Capital Ltd raised its stake in Gold Royalty by 257.9% in the second quarter. Quadrature Capital Ltd now owns 177,498 shares of the company’s stock worth $393,000 after buying an additional 127,904 shares in the last quarter. Hedge funds and other institutional investors own 33.75% of the company’s stock.

About Gold Royalty

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.