Gold Royalty (NYSEAMERICAN:GROY) Shares Gap Up Following Analyst Upgrade

Gold Royalty Corp. (NYSEAMERICAN:GROY) shares gapped up before the market opened on Thursday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $2.89, but opened at $3.44. Gold Royalty shares last traded at $3.1450, with a volume of 1,202,119 shares.

Several other research firms also recently commented on GROY. Scotiabank reduced their price objective on Gold Royalty from $6.00 to $5.75 and set an “outperform” rating for the company in a research note on Tuesday, July 14th. TD Securities assumed coverage on Gold Royalty in a research report on Thursday, October 8th. They set a “buy” rating and a $4.00 price objective for the company. TD set a $4.00 target price on Gold Royalty and gave the company a “buy” rating in a research note on Thursday, October 8th. Finally, HC Wainwright dropped their target price on Gold Royalty from $7.75 to $7.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to MarketBeat.com, Gold Royalty has an average rating of “Buy” and an average price target of $5.38.

More Gold Royalty News

Here are the key news stories impacting Gold Royalty this week:

• Positive Sentiment: Gold Royalty reported record Q3 revenue of about $10.2 million, up 147% year over year, alongside sharply higher earnings and cash flow; an earnings-call summary also reported that EBITDA tripled. These growth trends could support investor confidence in the royalty company’s expanding asset base. Gold Royalty Q3 results
• Positive Sentiment: HC Wainwright raised its FY2026 EPS forecast to $0.05 from $0.04 and estimates $0.05 for FY2027. The firm maintained its Buy rating and $7 price target, reinforcing a bullish analyst view.
• Neutral Sentiment: Q3 EPS of $0.02 matched consensus expectations, as did revenue of approximately $10.25 million, so the quarter’s headline results were not an earnings or sales surprise.

Hedge Funds Weigh In On Gold Royalty

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. U S Global Investors Inc. purchased a new position in shares of Gold Royalty in the 3rd quarter valued at about $5,125,000. Groupe la Francaise grew its position in Gold Royalty by 88.9% during the first quarter. Groupe la Francaise now owns 1,700,000 shares of the company’s stock worth $6,067,000 after buying an additional 800,000 shares during the period. Amundi grew its position in Gold Royalty by 20.0% during the first quarter. Amundi now owns 3,000,000 shares of the company’s stock worth $10,740,000 after buying an additional 500,000 shares during the period. Renaissance Technologies LLC grew its position in Gold Royalty by 560.4% during the first quarter. Renaissance Technologies LLC now owns 2,016,825 shares of the company’s stock worth $7,220,000 after buying an additional 1,711,425 shares during the period. Finally, Extract Advisors LLC purchased a new position in Gold Royalty in the first quarter valued at about $4,827,000. 33.75% of the stock is owned by institutional investors and hedge funds.

Gold Royalty Stock Up 0.3%

The stock’s fifty day simple moving average is $3.08 and its 200-day simple moving average is $3.37. The company has a market capitalization of $720.13 million, a PE ratio of 78.02 and a beta of 1.15.

Gold Royalty (NYSEAMERICAN:GROY) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The business had revenue of $10.25 million for the quarter, compared to analysts’ expectations of $10.25 million. Gold Royalty had a return on equity of 0.68% and a net margin of 6.65%. Analysts expect that Gold Royalty Corp. will post 0.05 EPS for the current year.

About Gold Royalty

Gold Royalty Corp. is a precious-metals royalty and streaming company focused primarily on gold. Rather than operating mines directly, the company provides capital to mining companies in exchange for royalty interests, streams and other contractual rights tied to future production or revenue from mineral projects.

Gold Royalty’s portfolio includes interests in exploration, development and producing properties, with exposure concentrated in the Americas. Its assets span mining jurisdictions including Canada, the United States, Mexico and other countries in Latin America.