Simcoe Capital LLC Takes Position in Gold Royalty Corp. $GROY

Simcoe Capital LLC acquired a new stake in shares of Gold Royalty Corp. (NYSEAMERICAN:GROY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 758,030 shares of the company’s stock, valued at approximately $3,062,000. Gold Royalty comprises approximately 2.9% of Simcoe Capital LLC’s portfolio, making the stock its 20th biggest holding. Simcoe Capital LLC owned about 0.38% of Gold Royalty at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Geneos Wealth Management Inc. increased its position in Gold Royalty by 68.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 16,800 shares of the company’s stock worth $37,000 after purchasing an additional 6,800 shares in the last quarter. SevenBridge Financial Group LLC acquired a new stake in Gold Royalty during the 4th quarter worth approximately $40,000. ORG Wealth Partners LLC increased its position in Gold Royalty by 232.6% during the 4th quarter. ORG Wealth Partners LLC now owns 16,631 shares of the company’s stock worth $67,000 after purchasing an additional 11,631 shares in the last quarter. Raymond James Financial Inc. grew its position in Gold Royalty by 1,190.4% in the third quarter. Raymond James Financial Inc. now owns 12,917 shares of the company’s stock valued at $50,000 after acquiring an additional 11,916 shares in the last quarter. Finally, TD Waterhouse Canada Inc. acquired a new stake in Gold Royalty in the third quarter valued at approximately $54,000. Institutional investors and hedge funds own 33.75% of the company’s stock.

Gold Royalty Stock Performance

Shares of GROY opened at $3.72 on Wednesday. The company has a market capitalization of $858.54 million, a P/E ratio of -21.88 and a beta of 0.94. Gold Royalty Corp. has a one year low of $1.45 and a one year high of $5.45. The stock has a 50-day moving average price of $3.70 and a 200 day moving average price of $4.00.

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

Wall Street Analysts Forecast Growth

GROY has been the subject of several recent research reports. Zacks Research downgraded shares of Gold Royalty from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Scotiabank increased their price objective on shares of Gold Royalty from $5.00 to $6.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. HC Wainwright increased their target price on Gold Royalty from $6.75 to $7.75 and gave the company a “buy” rating in a research note on Thursday, May 7th. Maxim Group set a $7.00 target price on Gold Royalty in a research note on Friday, January 23rd. Finally, Canaccord Genuity Group upgraded Gold Royalty from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research note on Wednesday, April 29th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $5.79.

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.