Gold Royalty Corp. (NYSEAMERICAN:GROY) Receives $5.68 Average PT from Brokerages

Shares of Gold Royalty Corp. (NYSEAMERICAN:GROY) have been given a consensus recommendation of “Buy” by the eight analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $5.6786.

Several research analysts have recently weighed in on the company. HC Wainwright boosted their target price on Gold Royalty from $6.25 to $7.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Zacks Research raised Gold Royalty from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Scotiabank lifted 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. BMO Capital Markets restated an “outperform” rating and issued a $4.75 target price on shares of Gold Royalty in a report on Tuesday, December 9th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and issued a $5.00 target price (up from $4.50) on shares of Gold Royalty in a research note on Thursday, January 22nd.

Institutional Investors Weigh In On Gold Royalty

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its stake 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 purchasing an additional 6,800 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of Gold Royalty by 363,800.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 7,278 shares of the company’s stock valued at $29,000 after buying an additional 7,276 shares during the period. Pacifica Partners Inc. purchased a new stake in shares of Gold Royalty in the 3rd quarter valued at approximately $32,000. Squarepoint Ops LLC increased its holdings in shares of Gold Royalty by 14.2% during the 4th quarter. Squarepoint Ops LLC now owns 69,877 shares of the company’s stock worth $282,000 after buying an additional 8,663 shares during the last quarter. Finally, SevenBridge Financial Group LLC purchased a new stake in shares of Gold Royalty during the 4th quarter valued at approximately $40,000. 33.75% of the stock is currently owned by institutional investors and hedge funds.

Gold Royalty Stock Down 2.9%

Shares of NYSEAMERICAN GROY opened at $3.95 on Monday. The stock has a market cap of $868.96 million, a PE ratio of -98.75 and a beta of 0.97. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.09. Gold Royalty has a 12-month low of $1.23 and a 12-month high of $5.45. The company has a 50-day moving average of $4.50 and a 200 day moving average of $4.04.

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.