Extract Advisors LLC Takes Position in Gold Royalty Corp. $GROY

Extract Advisors LLC bought a new stake in shares of Gold Royalty Corp. (NYSEAMERICAN:GROY) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 1,348,303 shares of the company’s stock, valued at approximately $4,827,000. Gold Royalty accounts for approximately 1.7% of Extract Advisors LLC’s portfolio, making the stock its 16th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of GROY. Regal Partners Ltd grew its holdings in Gold Royalty by 22,977.8% in the fourth quarter. Regal Partners Ltd now owns 5,712,223 shares of the company’s stock worth $23,534,000 after purchasing an additional 5,687,471 shares during the period. Mudita Advisors LLP acquired a new position in shares of Gold Royalty during the fourth quarter valued at about $8,484,000. Renaissance Technologies LLC boosted its position in shares of Gold Royalty by 560.4% during the 1st quarter. Renaissance Technologies LLC now owns 2,016,825 shares of the company’s stock worth $7,220,000 after purchasing an additional 1,711,425 shares in the last quarter. Amundi grew its stake in shares of 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 during the period. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Gold Royalty in the 4th quarter valued at about $4,684,000. 33.75% of the stock is owned by institutional investors.

Gold Royalty Trading Up 2.7%

Gold Royalty stock opened at $2.64 on Tuesday. The firm has a market capitalization of $609.34 million, a price-to-earnings ratio of -15.53 and a beta of 0.92. The firm’s fifty day moving average price is $2.85 and its two-hundred day moving average price is $3.62. Gold Royalty Corp. has a 1-year low of $2.45 and a 1-year high of $5.45.

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

Analyst Ratings Changes

GROY has been the topic of a number of research reports. 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 research note on Wednesday, April 29th. Scotiabank reduced their price objective on Gold Royalty from $6.00 to $5.75 and set an “outperform” rating for the company in a research note on Tuesday, July 14th. Finally, HC Wainwright upped their target price on Gold Royalty from $6.75 to $7.75 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Gold Royalty presently has an average rating of “Moderate Buy” and an average target price of $5.75.

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.