Groupe la Francaise Increases Stake in Gold Royalty Corp. $GROY

Groupe la Francaise lifted its stake in shares of Gold Royalty Corp. (NYSEAMERICAN:GROY) by 88.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,700,000 shares of the company’s stock after buying an additional 800,000 shares during the quarter. Groupe la Francaise’s holdings in Gold Royalty were worth $6,067,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GROY. Amundi raised its holdings in Gold Royalty by 20.0% in the first quarter. Amundi now owns 3,000,000 shares of the company’s stock valued at $10,740,000 after acquiring an additional 500,000 shares in the last quarter. Royal Bank of Canada grew its holdings in Gold Royalty by 35.1% during the 1st quarter. Royal Bank of Canada now owns 117,564 shares of the company’s stock worth $421,000 after acquiring an additional 30,513 shares in the last quarter. Extract Advisors LLC acquired a new position in Gold Royalty during the 1st quarter worth approximately $4,827,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Gold Royalty in the 1st quarter valued at approximately $131,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Gold Royalty in the 1st quarter valued at approximately $172,000. 33.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GROY has been the subject of several recent analyst reports. Canaccord Genuity Group raised shares of Gold Royalty from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research report on Wednesday, April 29th. Scotiabank lowered their target price on shares of Gold Royalty from $6.00 to $5.75 and set an “outperform” rating for the company in a research note on Tuesday, July 14th. Finally, HC Wainwright increased their target price on Gold Royalty from $6.75 to $7.75 and gave the company a “buy” rating in a report on Thursday, May 7th. Seven research 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.75.

Gold Royalty Stock Down 3.3%

Shares of GROY opened at $2.60 on Friday. The company has a market capitalization of $600.11 million, a price-to-earnings ratio of -15.29 and a beta of 0.92. Gold Royalty Corp. has a 52-week low of $2.45 and a 52-week high of $5.45. The stock has a 50 day moving average price of $2.80 and a 200 day moving average price of $3.58.

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

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.