Gold Royalty Corp. (NYSEAMERICAN:GROY) Stock Has Consensus Target Price of $5.38 According to Brokerages

Shares of Gold Royalty Corp. (NYSEAMERICAN:GROY) have received a consensus rating of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $5.38.

GROY has been the topic of a number of research analyst reports. Zacks Research upgraded Gold Royalty from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 5th. TD set a $4.00 price target on Gold Royalty and gave the company a “buy” rating in a research note on Thursday, October 8th. TD Securities began coverage on Gold Royalty in a report on Thursday, October 8th. They set a “buy” rating and a $4.00 price target for the company. Finally, HC Wainwright cut their price objective on Gold Royalty from $7.75 to $7.00 and set a “buy” rating for the company in a research report on Thursday, August 6th.

Gold Royalty Stock Performance

GROY stock opened at $2.90 on Friday. The firm has a market cap of $669.35 million, a PE ratio of 72.52 and a beta of 1.15. The firm’s 50 day moving average price is $3.04 and its 200-day moving average price is $3.33. Gold Royalty has a one year low of $2.45 and a one year high of $5.45.

Gold Royalty (NYSEAMERICAN:GROY) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates 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 1.24% and a net margin of 22.58%. Equities research analysts predict that Gold Royalty will post 0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. U S Global Investors Inc. purchased a new stake in shares of Gold Royalty in the 3rd quarter valued at approximately $5,125,000. Groupe la Francaise lifted its holdings in shares of Gold Royalty by 88.9% in the 1st quarter. Groupe la Francaise now owns 1,700,000 shares of the company’s stock worth $6,067,000 after acquiring an additional 800,000 shares during the last quarter. Amundi lifted its holdings in shares of Gold Royalty by 20.0% in the 1st quarter. Amundi now owns 3,000,000 shares of the company’s stock worth $10,740,000 after acquiring an additional 500,000 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Gold Royalty by 560.4% during 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 during the period. Finally, CenterBook Partners LP boosted its position in shares of Gold Royalty by 87.6% during the 3rd quarter. CenterBook Partners LP now owns 1,003,355 shares of the company’s stock worth $3,010,000 after purchasing an additional 468,543 shares during the period. Institutional investors and hedge funds own 33.75% of the company’s stock.

Gold Royalty Company Profile

Gold Royalty Corp. is a precious metals royalty company focused on acquiring and managing royalties and other interests in mining projects. Rather than operating mines itself, the company receives payments or other benefits tied to production or revenue from properties in its portfolio. Its interests are concentrated in the Americas, including projects in the United States, Canada and other parts of the region. The portfolio includes royalties on properties at different stages of development, from exploration and construction to production.