Gold Royalty (NYSEAMERICAN:GROY) Raised to “Strong-Buy” at Zacks Research

Gold Royalty (NYSEAMERICAN:GROY) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Thursday, Zacks reports.

Other equities analysts have also recently issued reports about the company. HC Wainwright decreased their price objective on Gold Royalty from $7.75 to $7.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Scotiabank reduced their price target on shares of Gold Royalty from $6.00 to $5.75 and set an “outperform” rating on the stock in a research report on Tuesday, July 14th. TD Securities assumed coverage on Gold Royalty in a report on Thursday, October 8th. They issued a “buy” rating and a $4.00 price target for the company. Finally, TD set a $4.00 price objective on shares of Gold Royalty and gave the stock a “buy” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to MarketBeat.com, Gold Royalty presently has a consensus rating of “Buy” and a consensus target price of $5.38.

Gold Royalty Stock Up 0.3%

Shares of Gold Royalty stock opened at $3.12 on Thursday. The business has a fifty day simple moving average of $3.08 and a 200 day simple moving average of $3.37. The stock has a market cap of $720.13 million, a PE ratio of 78.02 and a beta of 1.15. Gold Royalty has a 12 month low of $2.45 and a 12 month high of $5.45.

Gold Royalty (NYSEAMERICAN:GROY) last issued its earnings results on Wednesday, November 4th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $10.25 million during the quarter, compared to analysts’ expectations of $10.25 million. Gold Royalty had a net margin of 6.65% and a return on equity of 0.68%. Analysts expect that Gold Royalty will post 0.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Gold Royalty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GROY. AXQ Capital LP purchased a new stake in shares of Gold Royalty during the second quarter valued at approximately $29,000. Kestra Advisory Services LLC grew its holdings in shares of Gold Royalty by 118.8% during the first quarter. Kestra Advisory Services LLC now owns 10,939 shares of the company’s stock worth $39,000 after purchasing an additional 5,939 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of Gold Royalty during the 1st quarter worth approximately $40,000. First Trust Advisors LP purchased a new position in Gold Royalty during the first quarter valued at approximately $43,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Gold Royalty during the 3rd quarter valued at $41,000. 33.75% of the stock is currently owned by institutional investors and hedge funds.

More Gold Royalty News

Here are the key news stories impacting Gold Royalty this week:

• Positive Sentiment: Gold Royalty reported record Q3 revenue of about $10.2 million, up 147% year over year, alongside sharply higher earnings and cash flow; an earnings-call summary also reported that EBITDA tripled. These growth trends could support investor confidence in the royalty company’s expanding asset base. Gold Royalty Q3 results
• Positive Sentiment: HC Wainwright raised its FY2026 EPS forecast to $0.05 from $0.04 and estimates $0.05 for FY2027. The firm maintained its Buy rating and $7 price target, reinforcing a bullish analyst view.
• Neutral Sentiment: Q3 EPS of $0.02 matched consensus expectations, as did revenue of approximately $10.25 million, so the quarter’s headline results were not an earnings or sales surprise.

Gold Royalty Company Profile

Gold Royalty Corp. is a precious-metals royalty and streaming company focused primarily on gold. Rather than operating mines directly, the company provides capital to mining companies in exchange for royalty interests, streams and other contractual rights tied to future production or revenue from mineral projects.

Gold Royalty’s portfolio includes interests in exploration, development and producing properties, with exposure concentrated in the Americas. Its assets span mining jurisdictions including Canada, the United States, Mexico and other countries in Latin America.