Brokerages Set Gold Royalty Corp. (NYSEAMERICAN:GROY) PT at $5.64

Gold Royalty Corp. (NYSEAMERICAN:GROY) has been assigned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $5.6429.

A number of equities analysts have recently commented on GROY shares. Scotiabank lifted their price target 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. Zacks Research lowered shares of Gold Royalty from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Maxim Group set a $7.00 price target on shares of Gold Royalty in a research report on Friday, January 23rd. HC Wainwright reissued a “buy” rating and issued a $6.75 price target on shares of Gold Royalty in a research report on Tuesday, April 28th. Finally, Canaccord Genuity Group upgraded shares of 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.

Institutional Investors Weigh In On Gold Royalty

Several hedge funds and other institutional investors have recently modified their holdings of GROY. Amundi acquired a new stake in shares of Gold Royalty in the first quarter worth $695,000. Goldman Sachs Group Inc. grew its stake in shares of Gold Royalty by 140.7% in the first quarter. Goldman Sachs Group Inc. now owns 99,504 shares of the company’s stock worth $143,000 after acquiring an additional 58,172 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Gold Royalty by 1,918.6% in the second quarter. JPMorgan Chase & Co. now owns 1,042,141 shares of the company’s stock worth $2,303,000 after acquiring an additional 990,515 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Gold Royalty in the second quarter worth $406,000. Finally, Walleye Capital LLC acquired a new stake in shares of Gold Royalty in the second quarter worth $44,000. Institutional investors and hedge funds own 33.75% of the company’s stock.

Gold Royalty Stock Up 0.3%

NYSEAMERICAN:GROY opened at $3.44 on Tuesday. Gold Royalty has a 12 month low of $1.44 and a 12 month high of $5.45. The firm has a market cap of $793.92 million, a price-to-earnings ratio of -172.00 and a beta of 0.94. The company’s 50 day moving average is $3.81 and its 200-day moving average is $4.00.

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.