Gold Royalty Corp. (NYSEAMERICAN:GROY) Receives $5.79 Average Price Target from Analysts

Gold Royalty Corp. (NYSEAMERICAN:GROY) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $5.7857.

GROY has been the subject of a number of recent analyst reports. Canaccord Genuity Group upgraded shares of Gold Royalty from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a report on Wednesday, April 29th. Zacks Research downgraded shares of Gold Royalty from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Finally, HC Wainwright raised their price target on shares of Gold Royalty from $6.75 to $7.75 and gave the stock a “buy” rating in a report on Thursday, May 7th.

Institutional Trading of Gold Royalty

Several institutional investors have recently added to or reduced their stakes in GROY. Caitong International Asset Management Co. Ltd increased its holdings in Gold Royalty by 363,800.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 7,278 shares of the company’s stock valued at $29,000 after purchasing an additional 7,276 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Gold Royalty by 68.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 16,800 shares of the company’s stock valued at $37,000 after purchasing an additional 6,800 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in Gold Royalty by 118.8% in the 1st quarter. Kestra Advisory Services LLC now owns 10,939 shares of the company’s stock valued at $39,000 after purchasing an additional 5,939 shares during the last quarter. SevenBridge Financial Group LLC acquired a new stake in Gold Royalty in the 4th quarter valued at approximately $40,000. Finally, NewEdge Advisors LLC acquired a new stake in Gold Royalty in the 1st quarter valued at approximately $40,000. Institutional investors and hedge funds own 33.75% of the company’s stock.

Gold Royalty Price Performance

Shares of NYSEAMERICAN GROY opened at $2.87 on Wednesday. The company has a 50 day simple moving average of $3.32 and a 200-day simple moving average of $3.89. The company has a market capitalization of $662.42 million, a P/E ratio of -16.88 and a beta of 0.91. Gold Royalty has a 1 year low of $2.13 and a 1 year high of $5.45.

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

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.