Gold Royalty Corp. (NYSEAMERICAN:GROY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Gold Royalty Corp. (NYSEAMERICAN:GROY) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $5.6429.

Several analysts recently issued reports on GROY shares. Canaccord Genuity Group upgraded shares of Gold Royalty from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research report on Wednesday, April 29th. Scotiabank lowered their price objective on shares of Gold Royalty from $6.00 to $5.75 and set an “outperform” rating for the company in a research report on Tuesday, July 14th. Finally, HC Wainwright lowered their price objective on shares of Gold Royalty from $7.75 to $7.00 and set a “buy” rating for the company in a research report on Thursday, August 6th.

Hedge Funds Weigh In On Gold Royalty

A number of institutional investors have recently modified their holdings of the business. Regal Partners Ltd lifted its position in shares of Gold Royalty by 22,977.8% during the 4th quarter. Regal Partners Ltd now owns 5,712,223 shares of the company’s stock worth $23,534,000 after buying an additional 5,687,471 shares during the last quarter. Mudita Advisors LLP bought a new position in Gold Royalty in the fourth quarter valued at about $8,484,000. Renaissance Technologies LLC raised its stake in Gold Royalty by 560.4% during the first quarter. Renaissance Technologies LLC now owns 2,016,825 shares of the company’s stock worth $7,220,000 after acquiring an additional 1,711,425 shares in the last quarter. Amundi raised its stake in Gold Royalty by 300.0% during the second quarter. Amundi now owns 2,000,000 shares of the company’s stock worth $4,520,000 after acquiring an additional 1,500,000 shares in the last quarter. Finally, Extract Advisors LLC bought a new position in shares of Gold Royalty in the first quarter worth about $4,827,000. Institutional investors and hedge funds own 33.75% of the company’s stock.

Gold Royalty Stock Performance

Shares of NYSEAMERICAN GROY opened at $3.17 on Thursday. The stock has a market capitalization of $731.67 million, a P/E ratio of 317.32 and a beta of 0.94. The stock’s fifty day moving average is $2.76 and its 200 day moving average is $3.46. Gold Royalty has a 52 week low of $2.45 and a 52 week high of $5.45.

Gold Royalty (NYSEAMERICAN:GROY) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. Gold Royalty had a net margin of 6.65% and a return on equity of 0.68%. The business had revenue of $7.93 million during the quarter, compared to analysts’ expectations of $8.34 million. Equities research analysts forecast that Gold Royalty will post 0.05 earnings per share for the current year.

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.