Gold Royalty (NYSE:GROY) Shares Gap Down – What’s Next?

Gold Royalty Corp. (NYSE:GROY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $4.25, but opened at $4.04. Gold Royalty shares last traded at $3.9650, with a volume of 1,879,964 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GROY shares. Raymond James Financial set a $4.50 target price on Gold Royalty and gave the stock an “outperform” rating in a report on Friday, October 10th. Maxim Group started coverage on Gold Royalty in a research report on Thursday, September 11th. They set a “buy” rating and a $6.00 price target for the company. Scotiabank upped their price objective on Gold Royalty from $3.30 to $4.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Zacks Research lowered shares of Gold Royalty from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 28th. Finally, National Bankshares reissued an “outperform” rating and issued a $5.50 price objective on shares of Gold Royalty in a research report on Wednesday. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $4.86.

Gold Royalty Stock Performance

The stock’s 50 day moving average is $3.75 and its 200 day moving average is $3.14. The firm has a market cap of $698.07 million, a price-to-earnings ratio of -31.12 and a beta of 0.97. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.09.

Institutional Trading of Gold Royalty

A number of institutional investors have recently bought and sold shares of the business. Pacifica Partners Inc. bought a new position in shares of Gold Royalty during the third quarter worth approximately $32,000. Geneos Wealth Management Inc. grew its position in Gold Royalty by 68.0% during the second quarter. Geneos Wealth Management Inc. now owns 16,800 shares of the company’s stock worth $37,000 after buying an additional 6,800 shares in the last quarter. PFG Investments LLC bought a new position in Gold Royalty during the 2nd quarter worth $43,000. Walleye Capital LLC acquired a new position in Gold Royalty in the 2nd quarter valued at $44,000. Finally, Raymond James Financial Inc. grew its holdings in shares of Gold Royalty by 1,190.4% during the 3rd quarter. Raymond James Financial Inc. now owns 12,917 shares of the company’s stock worth $50,000 after purchasing an additional 11,916 shares in the last quarter. Institutional investors own 33.75% of the company’s stock.

Gold Royalty Company Profile

Gold Royalty Corp., a precious metals-focused royalty company, provides financing solutions to the metals and mining industry. It focuses on acquiring royalties, streams, and similar interests at varying stages of the mine life cycle to build a portfolio offering near, medium, and longer-term returns for its investors.