Gold Royalty Target of Unusually Large Options Trading (NYSEAMERICAN:GROY)

Gold Royalty Corp. (NYSEAMERICAN:GROY) was the recipient of some unusual options trading activity on Friday. Investors purchased 20,174 call options on the stock. This is an increase of 932% compared to the average daily volume of 1,955 call options.

Analyst Upgrades and Downgrades

Several analysts have weighed in on GROY shares. Maxim Group set a $7.00 price objective on shares of Gold Royalty in a research note on Friday, January 23rd. Scotiabank lifted their target price on shares of Gold Royalty from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Canaccord Genuity Group reissued a “hold” rating and issued a $5.00 target price (up from $4.50) on shares of Gold Royalty in a report on Thursday, January 22nd. National Bank Financial restated an “outperform” rating and set a $5.50 price target on shares of Gold Royalty in a research report on Wednesday, December 10th. Finally, HC Wainwright raised their price target on Gold Royalty from $6.25 to $7.00 and gave the company a “buy” rating in a report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Gold Royalty presently has a consensus rating of “Buy” and an average price target of $5.68.

Gold Royalty Stock Performance

Gold Royalty stock opened at $3.95 on Friday. The stock has a 50-day simple moving average of $4.50 and a 200 day simple moving average of $4.04. The stock has a market capitalization of $868.96 million, a price-to-earnings ratio of -98.75 and a beta of 0.97. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.09. Gold Royalty has a 12-month low of $1.23 and a 12-month high of $5.45.

Hedge Funds Weigh In On Gold Royalty

A number of institutional investors have recently modified their holdings of GROY. Caitong International Asset Management Co. Ltd grew its stake in shares of Gold Royalty by 363,800.0% during the fourth 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 during the last quarter. Pacifica Partners Inc. acquired a new stake in shares of Gold Royalty in the third quarter valued at approximately $32,000. SevenBridge Financial Group LLC bought a new position in Gold Royalty in the 4th quarter worth approximately $40,000. Aptus Capital Advisors LLC bought a new position in Gold Royalty in the 4th quarter worth approximately $40,000. Finally, Leigh Baldwin & CO. LLC acquired a new position in Gold Royalty during the 4th quarter worth $41,000. 33.75% of the stock is owned by institutional investors.

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.