Gold Royalty Corp. $GROY Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in shares of Gold Royalty Corp. (NYSEAMERICAN:GROY) by 46.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,523,522 shares of the company’s stock after buying an additional 481,381 shares during the period. JPMorgan Chase & Co.’s holdings in Gold Royalty were worth $5,881,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in GROY. Amundi increased its holdings in 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 in the last quarter. Two Sigma Investments LP lifted its stake in shares of Gold Royalty by 11.6% during the third quarter. Two Sigma Investments LP now owns 1,400,411 shares of the company’s stock worth $5,406,000 after purchasing an additional 145,222 shares in the last quarter. Acuitas Investments LLC purchased a new stake in shares of Gold Royalty in the third quarter worth about $3,014,000. Groupe la Francaise boosted its position in shares of 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 buying an additional 513,636 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Gold Royalty by 453.3% in the third quarter. Bank of America Corp DE now owns 546,646 shares of the company’s stock valued at $2,110,000 after buying an additional 447,852 shares in the last quarter. 33.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GROY has been the topic of several analyst reports. Zacks Research downgraded Gold Royalty from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $5.00 price objective (up from $4.50) on shares of Gold Royalty in a research report on Thursday, January 22nd. HC Wainwright dropped their price objective on shares of Gold Royalty from $7.00 to $6.75 and set a “buy” rating on the stock in a research note on Friday, March 20th. Maxim Group set a $7.00 target price on shares of Gold Royalty in a research report on Friday, January 23rd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $4.75 target price on shares of Gold Royalty in a research note on Tuesday, December 9th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Gold Royalty has a consensus rating of “Moderate Buy” and an average target price of $5.64.

Gold Royalty Stock Performance

NYSEAMERICAN:GROY opened at $3.58 on Wednesday. The stock has a market cap of $826.23 million, a price-to-earnings ratio of -179.00 and a beta of 0.97. Gold Royalty Corp. has a one year low of $1.23 and a one year high of $5.45. The business’s 50-day simple moving average is $4.19 and its 200 day simple moving average is $4.03.

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.