Gold Royalty (NYSEAMERICAN:GROY) Stock Rating Lowered by Zacks Research

Gold Royalty (NYSEAMERICAN:GROY) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other research analysts also recently issued reports about the company. 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. HC Wainwright cut their price target on Gold Royalty from $7.00 to $6.75 and set a “buy” rating for the company in a research note on Friday, March 20th. Maxim Group set a $7.00 price target on Gold Royalty in a report on Friday, January 23rd. BMO Capital Markets reiterated an “outperform” rating and issued a $4.75 price objective on shares of Gold Royalty in a research report on Tuesday, December 9th. Finally, National Bank Financial reissued an “outperform” rating and issued a $5.50 price objective on shares of Gold Royalty in a research note on Wednesday, December 10th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Gold Royalty currently has an average rating of “Moderate Buy” and a consensus price target of $5.64.

Gold Royalty Stock Up 3.1%

Shares of GROY stock opened at $3.34 on Tuesday. The stock’s 50-day moving average price is $4.32 and its 200 day moving average price is $4.04. The stock has a market capitalization of $770.84 million, a PE ratio of -167.00 and a beta of 0.97. Gold Royalty has a 52-week low of $1.23 and a 52-week high of $5.45.

Hedge Funds Weigh In On Gold Royalty

Large investors have recently modified their holdings of the business. Amundi acquired a new stake in shares of Gold Royalty in the 1st quarter valued at approximately $695,000. Goldman Sachs Group Inc. grew its holdings in Gold Royalty by 140.7% during the first quarter. Goldman Sachs Group Inc. now owns 99,504 shares of the company’s stock worth $143,000 after acquiring an additional 58,172 shares during the period. JPMorgan Chase & Co. raised its position in Gold Royalty by 1,918.6% in the second quarter. JPMorgan Chase & Co. now owns 1,042,141 shares of the company’s stock worth $2,303,000 after acquiring an additional 990,515 shares in the last quarter. XTX Topco Ltd raised its position in Gold Royalty by 496.9% in the second quarter. XTX Topco Ltd now owns 377,394 shares of the company’s stock worth $834,000 after acquiring an additional 314,170 shares in the last quarter. Finally, Quadrature Capital Ltd lifted its holdings in Gold Royalty by 257.9% in the second quarter. Quadrature Capital Ltd now owns 177,498 shares of the company’s stock valued at $393,000 after acquiring an additional 127,904 shares during the period. 33.75% of the stock is owned by hedge funds and other 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.