Simcoe Capital LLC acquired a new stake in shares of Gold Royalty Corp. (NYSEAMERICAN:GROY – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 758,030 shares of the company’s stock, valued at approximately $3,062,000. Gold Royalty comprises about 2.9% of Simcoe Capital LLC’s portfolio, making the stock its 20th biggest holding.
A number of other large investors have also recently added to or reduced their stakes in GROY. CWA Asset Management Group LLC bought a new position in Gold Royalty during the 4th quarter valued at $15,928,000. Amundi boosted its stake in Gold Royalty by 300.0% during the 2nd quarter. Amundi now owns 2,000,000 shares of the company’s stock valued at $4,520,000 after acquiring an additional 1,500,000 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Gold Royalty by 1,918.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,042,141 shares of the company’s stock valued at $2,303,000 after acquiring an additional 990,515 shares during the last quarter. Acuitas Investments LLC bought a new position in Gold Royalty during the 3rd quarter valued at $3,014,000. Finally, Tudor Investment Corp ET AL bought a new position in Gold Royalty during the 3rd quarter valued at $1,769,000. 33.75% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research analysts have commented on the stock. Zacks Research downgraded shares of Gold Royalty from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Maxim Group set a $7.00 price target on shares of Gold Royalty in a research report on Friday, January 23rd. Canaccord Genuity Group upgraded shares of Gold Royalty from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research report on Wednesday, April 29th. Scotiabank raised their price target on shares of Gold Royalty from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Finally, HC Wainwright raised their price target on shares of Gold Royalty from $6.75 to $7.75 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Gold Royalty has an average rating of “Moderate Buy” and a consensus price target of $5.79.
Gold Royalty Price Performance
Shares of NYSEAMERICAN:GROY opened at $3.72 on Wednesday. The company has a market cap of $858.54 million, a PE ratio of -21.88 and a beta of 0.94. The company’s 50-day moving average price is $3.70 and its 200 day moving average price is $4.00. Gold Royalty Corp. has a fifty-two week low of $1.45 and a fifty-two week high of $5.45.
Gold Royalty (NYSEAMERICAN:GROY – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $9.36 million for the quarter, compared to the consensus estimate of $7.94 million. Gold Royalty had a negative net margin of 5.65% and a positive return on equity of 0.44%. As a group, equities analysts anticipate that Gold Royalty Corp. will post 0.05 EPS for the current 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.
Featured Stories
- Five stocks we like better than Gold Royalty
- Navy Catalyst Ignites Odysight’s Growth Engine
- AST SpaceMobile Plummets on Galactic Q1 Miss: Can Vertical Integration Save the SpaceX Rival?
- Axon Surged After Earnings and Is Still Down Over 50% From Highs
- The Event That Could Redefine Apple’s Summer Rally
Want to see what other hedge funds are holding GROY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gold Royalty Corp. (NYSEAMERICAN:GROY – Free Report).
Receive News & Ratings for Gold Royalty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold Royalty and related companies with MarketBeat.com's FREE daily email newsletter.
