Gold Royalty Corp. (NYSEAMERICAN:GROY) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Gold Royalty Corp. (NYSEAMERICAN:GROY) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $5.75.

GROY has been the subject of a number of analyst reports. HC Wainwright increased their price target on Gold Royalty from $6.75 to $7.75 and gave the company a “buy” rating in a report on Thursday, May 7th. Zacks Research cut shares of Gold Royalty from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Canaccord Genuity Group raised 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. Finally, Scotiabank cut their price objective on shares of Gold Royalty from $6.00 to $5.75 and set an “outperform” rating on the stock in a research report on Tuesday.

Gold Royalty Price Performance

NYSEAMERICAN:GROY opened at $2.55 on Friday. The business’s 50-day moving average is $2.96 and its two-hundred day moving average is $3.69. The firm has a market capitalization of $588.57 million, a PE ratio of -15.00 and a beta of 0.92. Gold Royalty has a 12 month low of $2.37 and a 12 month high of $5.45.

Gold Royalty (NYSEAMERICAN:GROY) last issued its earnings results on Thursday, May 7th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $9.36 million during the quarter, compared to the consensus estimate 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 anticipate that Gold Royalty will post 0.05 EPS for the current year.

Hedge Funds Weigh In On Gold Royalty

Several hedge funds have recently modified their holdings of GROY. Caitong International Asset Management Co. Ltd boosted its position in shares of Gold Royalty by 363,800.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 7,278 shares of the company’s stock valued at $29,000 after purchasing an additional 7,276 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Gold Royalty by 68.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 16,800 shares of the company’s stock valued at $37,000 after purchasing an additional 6,800 shares during the period. Kestra Advisory Services LLC increased its holdings in shares of Gold Royalty by 118.8% in the 1st quarter. Kestra Advisory Services LLC now owns 10,939 shares of the company’s stock valued at $39,000 after purchasing an additional 5,939 shares during the period. SevenBridge Financial Group LLC acquired a new position in shares of Gold Royalty in the fourth quarter worth $40,000. Finally, NewEdge Advisors LLC bought a new stake in shares of Gold Royalty in the 1st quarter valued at approximately $40,000. 33.75% of the stock is currently owned by institutional investors and hedge funds.

About Gold Royalty

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.