Gold Royalty (NYSE:GROY) Earns Buy Rating from HC Wainwright

Gold Royalty (NYSE:GROY)‘s stock had its “buy” rating restated by investment analysts at HC Wainwright in a report released on Friday,Benzinga reports. They currently have a $5.75 price target on the stock. HC Wainwright’s price objective points to a potential upside of 151.09% from the company’s current price.

Separately, Canaccord Genuity Group started coverage on Gold Royalty in a report on Wednesday, June 11th. They issued a “buy” rating and a $3.00 price target for the company.

Gold Royalty Stock Up 0.4%

Shares of NYSE GROY opened at $2.29 on Friday. Gold Royalty has a 1 year low of $1.16 and a 1 year high of $2.35. The firm has a market cap of $390.38 million, a P/E ratio of -17.62 and a beta of 0.88. The firm’s 50 day moving average price is $1.69 and its 200 day moving average price is $1.45. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.63 and a current ratio of 1.63.

Institutional Trading of Gold Royalty

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Amundi bought a new stake in Gold Royalty during the first quarter valued at $695,000. Bank of Montreal Can boosted its holdings in shares of Gold Royalty by 15.4% in the 4th quarter. Bank of Montreal Can now owns 3,591,397 shares of the company’s stock valued at $4,346,000 after buying an additional 478,665 shares during the period. Sprott Inc. grew its position in shares of Gold Royalty by 227.5% during the 4th quarter. Sprott Inc. now owns 363,841 shares of the company’s stock valued at $440,000 after buying an additional 252,735 shares during the last quarter. Zazove Associates LLC raised its stake in Gold Royalty by 83.0% during the fourth quarter. Zazove Associates LLC now owns 441,000 shares of the company’s stock worth $534,000 after acquiring an additional 200,000 shares during the period. Finally, Eagle Global Advisors LLC acquired a new stake in Gold Royalty during the fourth quarter worth about $206,000. 33.75% of the stock is owned by institutional investors.

About Gold Royalty

Gold Royalty Corp., a precious metals-focused royalty company, provides financing solutions to the metals and mining industry. It focuses on acquiring royalties, streams, and similar interests at varying stages of the mine life cycle to build a portfolio offering near, medium, and longer-term returns for its investors.