HC Wainwright Cuts Gold Royalty (NYSEAMERICAN:GROY) Price Target to $6.75

Gold Royalty (NYSEAMERICAN:GROYGet Free Report) had its price target cut by research analysts at HC Wainwright from $7.00 to $6.75 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s price objective would suggest a potential upside of 107.69% from the company’s current price.

GROY has been the subject of a number of other reports. Zacks Research upgraded shares of Gold Royalty from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Maxim Group set a $7.00 price objective on shares of Gold Royalty in a report on Friday, January 23rd. Scotiabank lifted their target price on Gold Royalty from $5.00 to $6.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. BMO Capital Markets restated an “outperform” rating and issued a $4.75 price target on shares of Gold Royalty in a research note on Tuesday, December 9th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and set a $5.00 price objective (up from $4.50) on shares of Gold Royalty in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $5.64.

View Our Latest Report on Gold Royalty

Gold Royalty Stock Down 9.5%

Shares of NYSEAMERICAN GROY opened at $3.25 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.02 and a quick ratio of 2.02. The stock has a market capitalization of $714.97 million, a PE ratio of -81.25 and a beta of 0.97. Gold Royalty has a one year low of $1.23 and a one year high of $5.45. The business’s fifty day moving average price is $4.44 and its 200-day moving average price is $4.05.

Gold Royalty (NYSEAMERICAN:GROYGet Free Report) last announced its earnings results on Wednesday, March 18th. The company reported $0.00 earnings per share (EPS) for the quarter. The business had revenue of $5.21 million during the quarter, compared to analyst estimates of $4.85 million. Gold Royalty had a negative net margin of 44.32% and a negative return on equity of 0.80%. On average, equities research analysts anticipate that Gold Royalty will post -0.03 EPS for the current year.

Hedge Funds Weigh In On Gold Royalty

Institutional investors and hedge funds have recently modified their holdings of the company. Regal Partners Ltd lifted its holdings in Gold Royalty by 22,977.8% in the fourth quarter. Regal Partners Ltd now owns 5,712,223 shares of the company’s stock valued at $23,534,000 after acquiring an additional 5,687,471 shares during the period. Van ECK Associates Corp grew its stake in shares of Gold Royalty by 7.0% during the 4th quarter. Van ECK Associates Corp now owns 5,385,673 shares of the company’s stock valued at $21,758,000 after purchasing an additional 351,165 shares during the period. CWA Asset Management Group LLC purchased a new stake in shares of Gold Royalty during the 4th quarter valued at about $15,928,000. Amundi increased its position in shares of Gold Royalty by 25.0% during the 4th quarter. Amundi now owns 2,500,000 shares of the company’s stock valued at $10,100,000 after purchasing an additional 500,000 shares during the last quarter. Finally, Mudita Advisors LLP bought a new position in shares of Gold Royalty in the 4th quarter worth approximately $8,484,000. 33.75% of the stock is currently owned by hedge funds and other institutional investors.

Gold Royalty News Roundup

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

About Gold Royalty

(Get Free Report)

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.

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