Gold Royalty Corp. (NYSEAMERICAN:GROY – Get Free Report)’s share price crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $3.08 and traded as high as $3.44. Gold Royalty shares last traded at $3.11, with a volume of 4,809,986 shares.
Analyst Ratings Changes
A number of research analysts have recently commented on GROY shares. TD Securities assumed coverage on shares of Gold Royalty in a research report on Thursday, October 8th. They set a “buy” rating and a $4.00 target price on the stock. HC Wainwright lowered their price target on shares of Gold Royalty from $7.75 to $7.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Scotiabank dropped 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 note on Tuesday, July 14th. Finally, TD set a $4.00 price objective on shares of Gold Royalty and gave the stock a “buy” rating in a report on Thursday, October 8th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Gold Royalty presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.38.
Check Out Our Latest Research Report on GROY
Gold Royalty Price Performance
The firm’s fifty day moving average price is $3.08 and its 200-day moving average price is $3.38. The company has a market cap of $717.82 million, a price-to-earnings ratio of 77.77 and a beta of 1.15.
Gold Royalty (NYSEAMERICAN:GROY – Get Free Report) last posted its earnings results on Wednesday, November 4th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The firm had revenue of $10.25 million for the quarter, compared to analysts’ expectations of $10.25 million. Gold Royalty had a return on equity of 1.25% and a net margin of 22.58%. As a group, equities analysts forecast that Gold Royalty Corp. will post 0.05 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Gold Royalty
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Amundi boosted its position in shares of Gold Royalty by 20.0% in the 1st quarter. Amundi now owns 3,000,000 shares of the company’s stock valued at $10,740,000 after purchasing an additional 500,000 shares during the period. Renaissance Technologies LLC increased its stake in Gold Royalty by 560.4% in the 1st quarter. Renaissance Technologies LLC now owns 2,016,825 shares of the company’s stock worth $7,220,000 after purchasing an additional 1,711,425 shares in the last quarter. Groupe la Francaise raised its holdings in Gold Royalty by 5.9% during the 2nd quarter. Groupe la Francaise now owns 1,800,000 shares of the company’s stock worth $4,972,000 after buying an additional 100,000 shares during the period. U S Global Investors Inc. acquired a new stake in Gold Royalty during the 3rd quarter worth about $5,125,000. Finally, Extract Advisors LLC purchased a new stake in Gold Royalty during the first quarter valued at about $4,827,000. Institutional investors and hedge funds own 33.75% of the company’s stock.
About Gold Royalty
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.
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