Brokerages Set Gold Royalty Corp. (NYSEAMERICAN:GROY) Target Price at $5.64

Shares of Gold Royalty Corp. (NYSEAMERICAN:GROY) have received a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $5.6429.

Several research firms have weighed in on GROY. Zacks Research lowered Gold Royalty from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. HC Wainwright dropped their price target on Gold Royalty from $7.00 to $6.75 and set a “buy” rating on the stock in a research report on Friday, March 20th. National Bank Financial reiterated an “outperform” rating and set a $5.50 price objective on shares of Gold Royalty in a report on Wednesday, December 10th. Scotiabank boosted their price objective on Gold Royalty from $5.00 to $6.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Finally, Canaccord Genuity Group reissued a “hold” rating and set a $5.00 target price (up from $4.50) on shares of Gold Royalty in a research note on Thursday, January 22nd.

Gold Royalty Stock Performance

Shares of NYSEAMERICAN GROY opened at $3.68 on Friday. Gold Royalty has a 52-week low of $1.23 and a 52-week high of $5.45. The stock has a market cap of $849.31 million, a P/E ratio of -184.00 and a beta of 1.06. The firm has a 50 day moving average price of $4.12 and a 200 day moving average price of $4.03.

Institutional Investors Weigh In On Gold Royalty

Several large investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd lifted its position in 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 acquiring an additional 7,276 shares in the last quarter. Pacifica Partners Inc. bought a new position in Gold Royalty during the 3rd quarter worth about $32,000. 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 in the last quarter. SevenBridge Financial Group LLC acquired a new stake in shares of Gold Royalty in the 4th quarter valued at about $40,000. Finally, Aptus Capital Advisors LLC acquired a new stake in shares of Gold Royalty in the 4th quarter valued at about $40,000. 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.