GSA Capital Partners LLP Cuts Holdings in Gold Royalty Corp. $GROY

GSA Capital Partners LLP lessened its stake in Gold Royalty Corp. (NYSEAMERICAN:GROY) by 35.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 426,013 shares of the company’s stock after selling 234,813 shares during the quarter. GSA Capital Partners LLP’s holdings in Gold Royalty were worth $1,721,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Acuitas Investments LLC bought a new position in Gold Royalty during the third quarter valued at approximately $3,014,000. Tudor Investment Corp ET AL bought a new position in Gold Royalty during the third quarter valued at approximately $1,769,000. JPMorgan Chase & Co. grew its position in Gold Royalty by 46.2% during the third quarter. JPMorgan Chase & Co. now owns 1,523,522 shares of the company’s stock valued at $5,881,000 after acquiring an additional 481,381 shares during the last quarter. CWA Asset Management Group LLC bought a new position in Gold Royalty during the fourth quarter valued at approximately $15,928,000. Finally, Simcoe Capital LLC bought a new position in Gold Royalty during the fourth quarter valued at approximately $3,062,000. Hedge funds and other institutional investors own 33.75% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on GROY shares. Canaccord Genuity Group upgraded shares of Gold Royalty from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research report on Wednesday, April 29th. Scotiabank increased their price target on shares of Gold Royalty from $5.00 to $6.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Maxim Group set a $7.00 price target on shares of Gold Royalty in a research report on Friday, January 23rd. Zacks Research cut shares of Gold Royalty from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, HC Wainwright increased their price target on shares of Gold Royalty from $6.75 to $7.75 and gave the company 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $5.79.

Gold Royalty Stock Performance

NYSEAMERICAN:GROY opened at $3.12 on Wednesday. The firm has a market cap of $720.13 million, a PE ratio of -18.35 and a beta of 0.94. Gold Royalty Corp. has a fifty-two week low of $1.59 and a fifty-two week high of $5.45. The business has a 50 day moving average price of $3.59 and a 200-day moving average price of $3.99.

Gold Royalty (NYSEAMERICAN:GROY) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $9.36 million during the quarter, compared to analyst estimates of $7.94 million. Gold Royalty had a positive return on equity of 0.44% and a negative net margin of 5.65%. Research analysts predict that Gold Royalty Corp. will post 0.05 EPS for the current year.

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.