Gold Royalty (NYSEAMERICAN:GROY) Upgraded at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Gold Royalty (NYSEAMERICAN:GROY) from a hold rating to a buy rating in a research report sent to investors on Wednesday, MarketBeat.com reports. Canaccord Genuity Group currently has $5.00 target price on the stock.

Several other analysts have also weighed in on the stock. Scotiabank lifted their target price on shares of Gold Royalty from $5.00 to $6.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Zacks Research lowered shares of Gold Royalty from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. HC Wainwright reiterated a “buy” rating and set a $6.75 target price on shares of Gold Royalty in a research report on Tuesday. Finally, Maxim Group set a $7.00 target price on shares of Gold Royalty in a research report on Friday, January 23rd. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.64.

Gold Royalty Price Performance

Shares of Gold Royalty stock opened at $3.44 on Wednesday. The firm has a market capitalization of $793.92 million, a PE ratio of -172.00 and a beta of 0.94. The company’s fifty day moving average price is $3.81 and its two-hundred day moving average price is $4.00. Gold Royalty has a 52-week low of $1.44 and a 52-week high of $5.45.

Institutional Trading of Gold Royalty

Several institutional investors have recently made changes to their positions in the business. Regal Partners Ltd boosted 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 valued at $23,534,000 after acquiring an additional 5,687,471 shares in the last quarter. Van ECK Associates Corp boosted its position in 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 buying an additional 351,165 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in Gold Royalty in the fourth quarter valued at about $15,928,000. Amundi grew its stake in Gold Royalty by 25.0% during the fourth quarter. Amundi now owns 2,500,000 shares of the company’s stock worth $10,100,000 after buying an additional 500,000 shares during the last quarter. Finally, Mudita Advisors LLP acquired a new stake in shares of Gold Royalty during the fourth quarter worth approximately $8,484,000. 33.75% of the stock is currently owned by institutional investors and hedge funds.

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.