Gold Royalty (NYSEAMERICAN:GROY) Shares Gap Up – What’s Next?

Gold Royalty Corp. (NYSEAMERICAN:GROY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $3.32, but opened at $3.48. Gold Royalty shares last traded at $3.3750, with a volume of 511,526 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Maxim Group set a $7.00 price objective on shares of Gold Royalty in a report on Friday, January 23rd. National Bank Financial reissued an “outperform” rating and issued a $5.50 target price on shares of Gold Royalty in a research note on Wednesday, December 10th. Canaccord Genuity Group restated a “hold” rating and set a $5.00 price target (up from $4.50) on shares of Gold Royalty in a research report on Thursday, January 22nd. HC Wainwright dropped their price target on Gold Royalty from $7.00 to $6.75 and set a “buy” rating for the company in a research note on Friday, March 20th. Finally, Zacks Research cut Gold Royalty from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.64.

Gold Royalty Stock Performance

The company has a market cap of $826.23 million, a PE ratio of -179.00 and a beta of 0.97. The business’s 50-day moving average is $4.19 and its 200 day moving average is $4.03.

Institutional Investors Weigh In On Gold Royalty

Several hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its holdings 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 purchasing an additional 7,276 shares in the last quarter. Pacifica Partners Inc. bought a new stake in shares of Gold Royalty during the 3rd quarter valued at $32,000. SevenBridge Financial Group LLC purchased a new stake in shares of Gold Royalty in the 4th quarter worth about $40,000. Aptus Capital Advisors LLC bought a new position in shares of Gold Royalty in the 4th quarter worth about $40,000. Finally, Leigh Baldwin & CO. LLC bought a new position in shares of Gold Royalty in the 4th quarter worth about $41,000. 33.75% of the stock is currently owned by institutional investors.

Gold Royalty Company Profile

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.