Gold Royalty Corp. (NYSEAMERICAN:GROY) Receives $5.79 Consensus Price Target from Analysts

Shares of Gold Royalty Corp. (NYSEAMERICAN:GROY) have earned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $5.7857.

A number of research firms recently weighed in on GROY. Canaccord Genuity Group upgraded Gold Royalty from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a report on Wednesday, April 29th. Zacks Research cut Gold Royalty from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Finally, HC Wainwright upped their price target on Gold Royalty from $6.75 to $7.75 and gave the stock a “buy” rating in a report on Thursday, May 7th.

Institutional Investors Weigh In On Gold Royalty

A number of institutional investors and hedge funds have recently modified their holdings of the company. Regal Partners Ltd lifted its stake in Gold Royalty by 22,977.8% in the 4th quarter. Regal Partners Ltd now owns 5,712,223 shares of the company’s stock valued at $23,534,000 after buying an additional 5,687,471 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in Gold Royalty in the 4th quarter valued at approximately $15,928,000. Mudita Advisors LLP purchased a new stake in Gold Royalty in the 4th quarter valued at approximately $8,484,000. Renaissance Technologies LLC lifted its stake in Gold Royalty by 560.4% in the 1st quarter. Renaissance Technologies LLC now owns 2,016,825 shares of the company’s stock valued at $7,220,000 after buying an additional 1,711,425 shares in the last quarter. Finally, Amundi lifted its stake in Gold Royalty by 300.0% in the 2nd quarter. Amundi now owns 2,000,000 shares of the company’s stock valued at $4,520,000 after buying an additional 1,500,000 shares in the last quarter. Institutional investors and hedge funds own 33.75% of the company’s stock.

Gold Royalty Stock Performance

NYSEAMERICAN GROY opened at $2.87 on Wednesday. The business’s 50 day moving average is $3.32 and its two-hundred day moving average is $3.89. Gold Royalty has a 12-month low of $2.13 and a 12-month high of $5.45. The stock has a market capitalization of $662.42 million, a price-to-earnings ratio of -16.88 and a beta of 0.91.

Gold Royalty (NYSEAMERICAN:GROY) last released its earnings results on Thursday, May 7th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $9.36 million for the quarter, compared to analysts’ expectations of $7.94 million. Gold Royalty had a positive return on equity of 0.44% and a negative net margin of 5.65%. Equities analysts forecast that Gold Royalty will post 0.05 earnings per share for the current fiscal year.

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.