Peregrine Asset Advisers Inc. Makes New Investment in Gold Royalty Corp. (NYSEAMERICAN:GROY)

Peregrine Asset Advisers Inc. bought a new stake in Gold Royalty Corp. (NYSEAMERICAN:GROY) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 40,361 shares of the company’s stock, valued at approximately $59,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stratos Wealth Partners LTD. bought a new stake in Gold Royalty in the third quarter valued at about $27,000. Gunderson Capital Management Inc. raised its position in shares of Gold Royalty by 85.7% during the 4th quarter. Gunderson Capital Management Inc. now owns 33,589 shares of the company’s stock valued at $49,000 after acquiring an additional 15,500 shares in the last quarter. Rathbones Group PLC bought a new position in Gold Royalty during the third quarter worth $67,000. Commonwealth Equity Services LLC boosted its holdings in Gold Royalty by 15.7% in the third quarter. Commonwealth Equity Services LLC now owns 64,039 shares of the company’s stock worth $82,000 after purchasing an additional 8,697 shares during the period. Finally, Van ECK Associates Corp increased its stake in Gold Royalty by 9.8% during the fourth quarter. Van ECK Associates Corp now owns 5,898,131 shares of the company’s stock valued at $8,670,000 after purchasing an additional 525,594 shares during the last quarter. 33.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a “buy” rating and set a $5.75 target price on shares of Gold Royalty in a research note on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $3.33.

Gold Royalty Stock Performance

NYSEAMERICAN GROY traded down $0.08 on Tuesday, reaching $1.84. The stock had a trading volume of 655,677 shares, compared to its average volume of 616,019. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.44 and a quick ratio of 1.44. Gold Royalty Corp. has a 1 year low of $1.18 and a 1 year high of $2.34. The company has a market capitalization of $267.40 million, a P/E ratio of -10.39 and a beta of 1.11.

Gold Royalty (NYSEAMERICAN:GROY) last posted its earnings results on Wednesday, March 27th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. Gold Royalty had a negative net margin of 877.82% and a negative return on equity of 0.75%. The firm had revenue of $1.02 million during the quarter. Analysts anticipate that Gold Royalty Corp. will post 0.01 earnings per share for the current fiscal year.

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.