Renaissance Technologies LLC Buys 1,711,425 Shares of Gold Royalty Corp. $GROY

Renaissance Technologies LLC boosted its stake in shares of Gold Royalty Corp. (NYSEAMERICAN:GROY) by 560.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 2,016,825 shares of the company’s stock after buying an additional 1,711,425 shares during the period. Renaissance Technologies LLC’s holdings in Gold Royalty were worth $7,220,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kestra Advisory Services LLC boosted its holdings in shares of Gold Royalty by 118.8% during 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 during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Gold Royalty by 68.0% in the second quarter. Geneos Wealth Management Inc. now owns 16,800 shares of the company’s stock worth $37,000 after purchasing an additional 6,800 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of 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 buying an additional 7,276 shares in the last quarter. Squarepoint Ops LLC lifted its position in shares of Gold Royalty by 14.2% in the fourth quarter. Squarepoint Ops LLC now owns 69,877 shares of the company’s stock worth $282,000 after buying an additional 8,663 shares in the last quarter. Finally, SevenBridge Financial Group LLC purchased a new stake in shares of Gold Royalty in the fourth quarter worth about $40,000. 33.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on GROY shares. HC Wainwright raised their price target on Gold Royalty from $6.75 to $7.75 and gave the company a “buy” rating in a report on Thursday, May 7th. Canaccord Genuity Group raised Gold Royalty from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a report on Wednesday, April 29th. Finally, Scotiabank lowered their target price on Gold Royalty from $6.00 to $5.75 and set an “outperform” rating for the company in a research report on Tuesday, July 14th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $5.75.

Gold Royalty Stock Up 3.5%

Gold Royalty stock opened at $2.69 on Wednesday. The company’s 50-day moving average price is $2.78 and its 200-day moving average price is $3.54. Gold Royalty Corp. has a twelve month low of $2.45 and a twelve month high of $5.45. The company has a market cap of $620.88 million, a PE ratio of -15.82 and a beta of 0.94.

Gold Royalty (NYSEAMERICAN:GROY) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $9.36 million during the quarter, compared to the consensus estimate 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 expect that Gold Royalty Corp. will post 0.05 earnings per share for the current fiscal year.

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.