Scotiabank Has Lowered Expectations for Gold Royalty (NYSEAMERICAN:GROY) Stock Price

Gold Royalty (NYSEAMERICAN:GROY) had its price objective dropped by stock analysts at Scotiabank from $6.00 to $5.75 in a report issued on Tuesday,Benzinga reports. The firm presently has a “sector outperform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 124.17% from the stock’s previous close.

GROY has been the subject of several other reports. Canaccord Genuity Group upgraded Gold Royalty from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research report on Wednesday, April 29th. HC Wainwright boosted their price objective on Gold Royalty from $6.75 to $7.75 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Zacks Research lowered Gold Royalty from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Gold Royalty presently has a consensus rating of “Moderate Buy” and an average price target of $5.75.

Gold Royalty Price Performance

Shares of GROY stock traded up $0.01 during trading hours on Tuesday, hitting $2.56. The company had a trading volume of 1,241,550 shares, compared to its average volume of 2,640,250. The stock has a market capitalization of $592.03 million, a PE ratio of -15.09 and a beta of 0.92. The company’s fifty day moving average is $3.04 and its 200 day moving average is $3.73. Gold Royalty has a fifty-two week low of $2.37 and a fifty-two week high of $5.45.

Gold Royalty (NYSEAMERICAN:GROY) last posted its earnings results on Thursday, May 7th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $9.36 million during the quarter, compared to the consensus estimate of $7.94 million. Gold Royalty had a negative net margin of 5.65% and a positive return on equity of 0.44%. Equities analysts forecast that Gold Royalty will post 0.05 earnings per share for the current year.

Institutional Trading of Gold Royalty

Large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd raised its stake in shares of Gold Royalty by 363,800.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,278 shares of the company’s stock valued at $29,000 after acquiring an additional 7,276 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Gold Royalty by 68.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 16,800 shares of the company’s stock worth $37,000 after purchasing an additional 6,800 shares during the period. Kestra Advisory Services LLC increased its holdings in Gold Royalty by 118.8% during the 1st quarter. Kestra Advisory Services LLC now owns 10,939 shares of the company’s stock worth $39,000 after purchasing an additional 5,939 shares during the period. SevenBridge Financial Group LLC acquired a new stake in Gold Royalty in the 4th quarter valued at about $40,000. Finally, NewEdge Advisors LLC acquired a new stake in Gold Royalty in the 1st quarter valued at about $40,000. Hedge funds and other institutional investors own 33.75% of the company’s stock.

Gold Royalty Company 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.