Gold Royalty (NYSEAMERICAN:GROY) Shares Up 5.8% – What’s Next?

Gold Royalty Corp. (NYSEAMERICAN:GROY) shares rose 5.8% on Friday . The company traded as high as $3.34 and last traded at $3.3650. Approximately 737,761 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 3,478,896 shares. The stock had previously closed at $3.18.

Wall Street Analyst Weigh In

GROY has been the subject of a number of analyst reports. Maxim Group set a $7.00 target price on Gold Royalty in a research note on Friday, January 23rd. HC Wainwright dropped their price objective on Gold Royalty from $7.00 to $6.75 and set a “buy” rating on the stock in a report on Friday, March 20th. Scotiabank increased their price objective on Gold Royalty from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Canaccord Genuity Group restated a “hold” rating and set a $5.00 target price (up from $4.50) on shares of Gold Royalty in a research report on Thursday, January 22nd. Finally, Zacks Research cut shares of Gold Royalty from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Gold Royalty currently has an average rating of “Moderate Buy” and an average target price of $5.64.

Gold Royalty Trading Up 4.0%

The stock’s 50 day moving average is $4.29 and its 200 day moving average is $4.03. The stock has a market capitalization of $763.22 million, a price-to-earnings ratio of -163.75 and a beta of 0.97.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Acuitas Investments LLC purchased a new stake in shares of Gold Royalty in the third quarter valued at $3,014,000. Groupe la Francaise increased its position in Gold Royalty by 594.7% during the 2nd 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 increased its position in Gold Royalty by 496.9% during the 2nd quarter. XTX Topco Ltd now owns 377,394 shares of the company’s stock worth $834,000 after purchasing an additional 314,170 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in Gold Royalty in the 4th quarter valued at about $15,928,000. Finally, Quadrature Capital Ltd lifted its holdings in Gold Royalty by 257.9% in the 2nd quarter. Quadrature Capital Ltd now owns 177,498 shares of the company’s stock valued at $393,000 after purchasing an additional 127,904 shares in the last quarter. 33.75% of the stock is owned by hedge funds and other institutional investors.

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.