Total Wealth Planning & Management Inc. Sells 9,134 Shares of Gold Royalty Corp. $GROY

Total Wealth Planning & Management Inc. trimmed its position in Gold Royalty Corp. (NYSE:GROY) by 40.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,576 shares of the company’s stock after selling 9,134 shares during the quarter. Total Wealth Planning & Management Inc.’s holdings in Gold Royalty were worth $30,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in GROY. PFG Investments LLC bought a new stake in shares of Gold Royalty during the second quarter worth $43,000. Medici Capital LLC bought a new stake in shares of Gold Royalty during the second quarter worth $252,000. Goldman Sachs Group Inc. grew its stake in shares of Gold Royalty by 140.7% during the first quarter. Goldman Sachs Group Inc. now owns 99,504 shares of the company’s stock worth $143,000 after buying an additional 58,172 shares during the last quarter. Amundi bought a new stake in shares of Gold Royalty during the first quarter worth $695,000. Finally, Groupe la Francaise bought a new stake in shares of Gold Royalty during the first quarter worth $129,000. 33.75% of the stock is owned by institutional investors.

Gold Royalty Stock Performance

Shares of Gold Royalty stock opened at $3.60 on Friday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.09. Gold Royalty Corp. has a twelve month low of $1.16 and a twelve month high of $4.15. The stock has a market cap of $613.69 million, a price-to-earnings ratio of -27.69 and a beta of 1.00. The company’s fifty day moving average is $3.50 and its 200 day moving average is $2.46.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GROY. Scotiabank reaffirmed an “outperform” rating on shares of Gold Royalty in a research note on Monday, August 11th. Raymond James Financial set a $4.50 target price on shares of Gold Royalty and gave the stock an “outperform” rating in a research note on Friday. Maxim Group began coverage on shares of Gold Royalty in a research note on Thursday, September 11th. They set a “buy” rating and a $6.00 target price on the stock. HC Wainwright boosted their target price on shares of Gold Royalty from $5.75 to $6.25 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Finally, National Bankshares reissued an “outperform” rating on shares of Gold Royalty in a research note on Wednesday, July 16th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $4.61.

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.