Gold Royalty (NYSEAMERICAN:GROY) Shares Gap Up – Still a Buy?

Gold Royalty Corp. (NYSEAMERICAN:GROY) shares gapped up before the market opened on Monday . The stock had previously closed at $3.32, but opened at $3.48. Gold Royalty shares last traded at $3.3750, with a volume of 511,526 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. National Bank Financial reiterated an “outperform” rating and issued a $5.50 target price on shares of Gold Royalty in a research note on Wednesday, December 10th. BMO Capital Markets restated an “outperform” rating and set a $4.75 price target on shares of Gold Royalty in a research report on Tuesday, December 9th. 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 report on Thursday, January 22nd. HC Wainwright reduced their target price on shares of Gold Royalty from $7.00 to $6.75 and set a “buy” rating for the company in a research note on Friday, March 20th. Finally, Zacks Research cut shares of Gold Royalty from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5.64.

Gold Royalty Trading Up 0.2%

The company has a market cap of $767.38 million, a price-to-earnings ratio of -165.75 and a beta of 0.96. The stock has a 50-day simple moving average of $4.26 and a 200-day simple moving average of $4.03.

Hedge Funds Weigh In On Gold Royalty

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Regal Partners Ltd raised 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 in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Gold Royalty by 7.0% in the fourth quarter. Van ECK Associates Corp now owns 5,385,673 shares of the company’s stock valued at $21,758,000 after acquiring an additional 351,165 shares in the last quarter. CWA Asset Management Group LLC bought a new position in shares of Gold Royalty in the fourth quarter valued at approximately $15,928,000. Amundi increased its stake in shares of Gold Royalty by 25.0% during the fourth quarter. Amundi now owns 2,500,000 shares of the company’s stock valued at $10,100,000 after acquiring an additional 500,000 shares during the period. Finally, Mudita Advisors LLP bought a new stake in Gold Royalty during the fourth quarter worth approximately $8,484,000. 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.