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

Gold Royalty Corp. (NYSEAMERICAN:GROY) has earned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $5.7857.

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

Hedge Funds Weigh In On Gold Royalty

Several hedge funds and other institutional investors have recently modified their holdings of the business. Kestra Advisory Services LLC raised 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 worth $39,000 after acquiring an additional 5,939 shares during the period. Geneos Wealth Management Inc. grew 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 valued at $37,000 after purchasing an additional 6,800 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings 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 valued at $29,000 after purchasing an additional 7,276 shares during the period. Squarepoint Ops LLC increased its position in Gold Royalty by 14.2% during the fourth quarter. Squarepoint Ops LLC now owns 69,877 shares of the company’s stock worth $282,000 after purchasing an additional 8,663 shares during the last quarter. Finally, SevenBridge Financial Group LLC acquired a new stake in Gold Royalty during the fourth quarter worth about $40,000. 33.75% of the stock is owned by hedge funds and other institutional investors.

Gold Royalty Price Performance

Gold Royalty stock remained flat at $2.62 during midday trading on Friday. 1,018,148 shares of the company were exchanged, compared to its average volume of 1,708,857. Gold Royalty has a 1 year low of $2.36 and a 1 year high of $5.45. The company has a market capitalization of $604.72 million, a P/E ratio of -15.41 and a beta of 0.92. The business has a 50-day moving average of $3.06 and a two-hundred day moving average of $3.75.

Gold Royalty (NYSEAMERICAN:GROY) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Gold Royalty had a positive return on equity of 0.44% and a negative net margin of 5.65%.The company had revenue of $9.36 million during the quarter, compared to analyst estimates of $7.94 million. On average, research analysts forecast that Gold Royalty 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.