Gold Royalty Corp. $GROY Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP cut its stake in Gold Royalty Corp. (NYSE:GROY) by 27.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 660,826 shares of the company’s stock after selling 246,157 shares during the period. GSA Capital Partners LLP owned 0.39% of Gold Royalty worth $2,551,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GROY. Groupe la Francaise increased its holdings in Gold Royalty by 594.7% in the second quarter. Groupe la Francaise now owns 600,000 shares of the company’s stock valued at $1,320,000 after buying an additional 513,636 shares during the last quarter. XTX Topco Ltd increased its stake in Gold Royalty by 496.9% during the second quarter. XTX Topco Ltd now owns 377,394 shares of the company’s stock valued at $834,000 after purchasing an additional 314,170 shares during the last quarter. Quadrature Capital Ltd raised its holdings in shares of Gold Royalty by 257.9% during the second quarter. Quadrature Capital Ltd now owns 177,498 shares of the company’s stock worth $393,000 after purchasing an additional 127,904 shares during the period. OMERS ADMINISTRATION Corp bought a new position in shares of Gold Royalty in the 2nd quarter worth about $67,000. Finally, TD Waterhouse Canada Inc. acquired a new position in shares of Gold Royalty in the 3rd quarter valued at about $54,000. 33.75% of the stock is currently owned by institutional investors.

Gold Royalty Price Performance

Shares of GROY opened at $4.29 on Tuesday. Gold Royalty Corp. has a one year low of $1.23 and a one year high of $5.45. The stock’s fifty day moving average is $4.39 and its 200-day moving average is $3.87. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a market capitalization of $943.76 million, a price-to-earnings ratio of -33.00 and a beta of 0.98.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. National Bank Financial reiterated an “outperform” rating and set a $5.50 price objective on shares of Gold Royalty in a research note on Wednesday, December 10th. Maxim Group set a $7.00 price target on Gold Royalty in a report on Friday, January 23rd. HC Wainwright upped their price objective on Gold Royalty from $6.25 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, January 15th. Canaccord Genuity Group reiterated a “hold” rating and issued a $5.00 target price (up from $4.50) on shares of Gold Royalty in a research note on Thursday, January 22nd. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Gold Royalty has an average rating of “Buy” and a consensus price target of $5.68.

Gold Royalty Profile

Gold Royalty Corp (NYSE: GROY) is a precious metals-focused royalty and streaming company with a dedicated emphasis on gold. Through the acquisition and management of royalty, stream, and similar interests, the company gains exposure to a diversified portfolio of producing mines, advanced-stage development projects, and exploration assets. By taking a passive owner role, Gold Royalty receives a share of production or revenue from its partner operators without bearing the full costs and risks of mine development.

The company’s business model centers on securing cash flows from producing assets while simultaneously pursuing growth via royalties on projects at earlier stages.