Gold Royalty Corp. (NYSEAMERICAN:GROY) Given Consensus Rating of “Moderate Buy” by Analysts

Gold Royalty Corp. (NYSEAMERICAN:GROY) has received a consensus rating of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $5.7857.

GROY has been the subject of several research analyst reports. Canaccord Genuity Group raised shares of Gold Royalty from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research note on Wednesday, April 29th. Zacks Research cut Gold Royalty from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Finally, HC Wainwright raised their price objective on Gold Royalty from $6.75 to $7.75 and gave the stock a “buy” rating in a report on Thursday, May 7th.

Gold Royalty Trading Up 1.6%

NYSEAMERICAN GROY opened at $3.25 on Friday. The stock has a market cap of $750.13 million, a PE ratio of -19.12 and a beta of 0.94. Gold Royalty has a 12 month low of $1.81 and a 12 month high of $5.45. The company’s 50-day moving average price is $3.46 and its 200-day moving average price is $3.98.

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

Hedge Funds Weigh In On Gold Royalty

Several institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its stake in Gold Royalty by 363,800.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,278 shares of the company’s stock worth $29,000 after acquiring an additional 7,276 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Gold Royalty by 68.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 16,800 shares of the company’s stock valued at $37,000 after purchasing an additional 6,800 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Gold Royalty by 118.8% in the 1st quarter. Kestra Advisory Services LLC now owns 10,939 shares of the company’s stock valued at $39,000 after purchasing an additional 5,939 shares in the last quarter. SevenBridge Financial Group LLC purchased a new stake in shares of Gold Royalty in the 4th quarter worth approximately $40,000. Finally, Aptus Capital Advisors LLC bought a new position in shares of Gold Royalty during the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 33.75% of the company’s stock.

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.