Gold Royalty (NYSEAMERICAN:GROY) Stock Price Up 3.5% – Here’s What Happened

Gold Royalty Corp. (NYSEAMERICAN:GROY)’s share price rose 3.5% on Monday . The stock traded as high as $3.10 and last traded at $2.98. Approximately 2,003,283 shares changed hands during mid-day trading, an increase of 15% from the average daily volume of 1,748,511 shares. The stock had previously closed at $2.88.

Analysts Set New Price Targets

GROY has been the subject of several research analyst reports. Zacks Research cut shares of Gold Royalty from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Canaccord Genuity Group upgraded shares of Gold Royalty from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a report on Wednesday, April 29th. Finally, HC Wainwright upped their price target on shares of Gold Royalty from $6.75 to $7.75 and gave the company a “buy” rating in a report on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.79.

Gold Royalty Stock Up 3.5%

The company’s fifty day moving average is $3.38 and its 200 day moving average is $3.92. The firm has a market cap of $687.81 million, a price-to-earnings ratio of -17.53 and a beta of 0.91.

Gold Royalty (NYSEAMERICAN:GROY) last announced its earnings results on Thursday, May 7th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Gold Royalty had a negative net margin of 5.65% and a positive return on equity of 0.44%. The business had revenue of $9.36 million during the quarter, compared to analysts’ expectations of $7.94 million. On average, equities research analysts forecast that Gold Royalty Corp. will post 0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GROY. Regal Partners Ltd boosted its holdings in Gold Royalty by 22,977.8% during the fourth quarter. Regal Partners Ltd now owns 5,712,223 shares of the company’s stock worth $23,534,000 after purchasing an additional 5,687,471 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in Gold Royalty in the fourth quarter valued at $15,928,000. Mudita Advisors LLP acquired a new stake in Gold Royalty in the fourth quarter valued at $8,484,000. Renaissance Technologies LLC lifted its stake in Gold Royalty by 560.4% in the first quarter. Renaissance Technologies LLC now owns 2,016,825 shares of the company’s stock valued at $7,220,000 after acquiring an additional 1,711,425 shares during the last quarter. Finally, Amundi lifted its stake in Gold Royalty by 300.0% in the second 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. 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 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.