Gold Royalty Sees Unusually Large Options Volume (NYSEAMERICAN:GROY)

Gold Royalty Corp. (NYSEAMERICAN:GROY) was the target of unusually large options trading activity on Friday. Stock investors bought 20,174 call options on the stock. This represents an increase of 932% compared to the average daily volume of 1,955 call options.

Analyst Ratings Changes

GROY has been the topic of a number of research analyst reports. National Bank Financial reiterated an “outperform” rating and set a $5.50 target price on shares of Gold Royalty in a report on Wednesday, December 10th. BMO Capital Markets reiterated an “outperform” rating and issued a $4.75 price objective on shares of Gold Royalty in a report on Tuesday, December 9th. Zacks Research raised Gold Royalty from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Maxim Group set a $7.00 target price on shares of Gold Royalty in a report on Friday, January 23rd. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and issued a $5.00 target price (up from $4.50) on shares of Gold Royalty in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $5.68.

Institutional Investors Weigh In On Gold Royalty

Several institutional investors and hedge funds have recently made changes to their positions in the company. Groupe la Francaise lifted its position in Gold Royalty by 594.7% in the 2nd quarter. Groupe la Francaise now owns 600,000 shares of the company’s stock valued at $1,320,000 after acquiring an additional 513,636 shares in the last quarter. XTX Topco Ltd increased its holdings in shares of Gold Royalty by 496.9% in the 2nd quarter. XTX Topco Ltd now owns 377,394 shares of the company’s stock worth $834,000 after purchasing an additional 314,170 shares in the last quarter. Quadrature Capital Ltd raised its stake in shares of Gold Royalty by 257.9% in 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 last quarter. WINTON GROUP Ltd purchased a new position in shares of Gold Royalty in the second quarter worth $100,000. Finally, Banque Cantonale Vaudoise bought a new position in shares of Gold Royalty during the third quarter valued at $86,000. Institutional investors own 33.75% of the company’s stock.

Gold Royalty Stock Down 3.3%

GROY stock traded down $0.14 during trading on Friday, hitting $3.94. 1,944,837 shares of the stock traded hands, compared to its average volume of 3,510,785. The stock has a market cap of $865.66 million, a price-to-earnings ratio of -98.60 and a beta of 0.97. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.02 and a quick ratio of 2.02. Gold Royalty has a 1 year low of $1.23 and a 1 year high of $5.45. The firm’s 50 day moving average is $4.50 and its two-hundred day moving average is $4.04.

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.