Van ECK Associates Corp Sells 199,339 Shares of Gold Royalty Corp. $GROY

Van ECK Associates Corp decreased its position in shares of Gold Royalty Corp. (NYSEAMERICAN:GROY) by 3.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,034,508 shares of the company’s stock after selling 199,339 shares during the quarter. Van ECK Associates Corp’s holdings in Gold Royalty were worth $19,433,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Amundi raised its holdings in Gold Royalty by 300.0% in the 2nd quarter. Amundi now owns 2,000,000 shares of the company’s stock worth $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 purchasing an additional 990,515 shares during the last quarter. Groupe la Francaise increased its holdings in shares of Gold Royalty by 594.7% in the 2nd quarter. Groupe la Francaise now owns 600,000 shares of the company’s stock worth $1,320,000 after purchasing an additional 513,636 shares in the last quarter. XTX Topco Ltd raised its stake in shares of Gold Royalty by 496.9% in the second quarter. XTX Topco Ltd now owns 377,394 shares of the company’s stock worth $834,000 after purchasing an additional 314,170 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Gold Royalty in the second quarter worth $406,000. Institutional investors own 33.75% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on GROY shares. National Bank Financial reaffirmed an “outperform” rating and set a $5.50 price objective on shares of Gold Royalty in a research report on Wednesday, December 10th. BMO Capital Markets reissued an “outperform” rating and issued a $4.75 target price on shares of Gold Royalty in a research report on Tuesday, December 9th. Scotiabank upped their target price on shares of Gold Royalty from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Maxim Group set a $7.00 price target on shares of Gold Royalty in a research note on Friday, January 23rd. Finally, Zacks Research raised shares of Gold Royalty from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $5.68.

Gold Royalty Stock Performance

Shares of GROY stock traded down $0.10 on Friday, reaching $3.98. The stock had a trading volume of 853,853 shares, compared to its average volume of 3,487,365. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.02 and a current ratio of 2.02. Gold Royalty Corp. has a 1 year low of $1.23 and a 1 year high of $5.45. The stock has a market cap of $874.46 million, a P/E ratio of -99.38 and a beta of 0.97. The company has a 50 day simple moving average of $4.50 and a 200 day simple moving average of $4.04.

Gold Royalty Company Profile

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.