Gold Royalty Corp. $GROY Stock Holdings Raised by Groupe la Francaise

Groupe la Francaise grew its position in shares of Gold Royalty Corp. (NYSE:GROY) by 594.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 600,000 shares of the company’s stock after buying an additional 513,636 shares during the period. Groupe la Francaise owned about 0.35% of Gold Royalty worth $1,320,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. XTX Topco Ltd grew its stake in Gold Royalty by 496.9% during the 2nd quarter. XTX Topco Ltd now owns 377,394 shares of the company’s stock worth $834,000 after buying an additional 314,170 shares during the last quarter. Medici Capital LLC acquired a new stake in shares of Gold Royalty in the 2nd quarter worth about $252,000. Goldman Sachs Group Inc. lifted its position in Gold Royalty by 140.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 99,504 shares of the company’s stock valued at $143,000 after purchasing an additional 58,172 shares during the last quarter. Quadrature Capital Ltd raised its holdings in shares of Gold Royalty by 257.9% during the second quarter. Quadrature Capital Ltd now owns 177,498 shares of the company’s stock valued at $393,000 after buying an additional 127,904 shares during the last quarter. Finally, PFG Investments LLC acquired a new position in shares of Gold Royalty during the second quarter worth approximately $43,000. 33.75% of the stock is owned by institutional investors and hedge funds.

Gold Royalty Trading Up 5.3%

Gold Royalty stock opened at $4.38 on Friday. The company has a 50 day moving average price of $3.74 and a 200 day moving average price of $3.07. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.63 and a current ratio of 1.63. Gold Royalty Corp. has a 52 week low of $1.16 and a 52 week high of $4.47. The firm has a market capitalization of $746.66 million, a price-to-earnings ratio of -33.69 and a beta of 0.97.

Analyst Ratings Changes

A number of research analysts have issued reports on GROY shares. HC Wainwright boosted their price target on Gold Royalty from $5.75 to $6.25 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Maxim Group initiated coverage on shares of Gold Royalty in a research note on Thursday, September 11th. They set a “buy” rating and a $6.00 target price on the stock. Raymond James Financial set a $4.50 price objective on shares of Gold Royalty and gave the company an “outperform” rating in a report on Friday, October 10th. Scotiabank raised their price objective on shares of Gold Royalty from $3.30 to $4.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Finally, Zacks Research downgraded Gold Royalty from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 28th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Gold Royalty has a consensus rating of “Moderate Buy” and an average price target of $4.75.

Gold Royalty Company Profile

Gold Royalty Corp., a precious metals-focused royalty company, provides financing solutions to the metals and mining industry. It focuses on acquiring royalties, streams, and similar interests at varying stages of the mine life cycle to build a portfolio offering near, medium, and longer-term returns for its investors.