Gold Royalty (NYSEAMERICAN:GROY) Stock Price Up 3.5% – Here’s What Happened

Shares of Gold Royalty Corp. (NYSEAMERICAN:GROY) were up 3.5% during trading on Monday . The company traded as high as $3.10 and last traded at $2.98. Approximately 2,003,283 shares were traded during mid-day trading, an increase of 15% from the average daily volume of 1,748,511 shares. The stock had previously closed at $2.88.

Wall Street Analyst Weigh In

A number of analysts have commented on GROY shares. 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 research note on Wednesday, April 29th. Zacks Research cut shares of Gold Royalty from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Finally, HC Wainwright increased their price target on shares of Gold Royalty from $6.75 to $7.75 and gave the company a “buy” rating in a research note on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.79.

Gold Royalty Price Performance

The company has a market capitalization of $687.81 million, a P/E ratio of -17.53 and a beta of 0.91. The company’s 50-day moving average price is $3.38 and its two-hundred day moving average price is $3.92.

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

Hedge Funds Weigh In On Gold Royalty

A number of hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC bought a new position in Gold Royalty during the first quarter worth about $40,000. Groupe la Francaise increased 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 acquiring an additional 800,000 shares during the period. Amundi increased 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 acquiring an additional 500,000 shares during the period. Royal Bank of Canada increased its position in Gold Royalty by 35.1% during the first quarter. Royal Bank of Canada now owns 117,564 shares of the company’s stock worth $421,000 after acquiring an additional 30,513 shares during the period. Finally, Extract Advisors LLC bought a new position in Gold Royalty during the first quarter worth about $4,827,000. 33.75% of the stock is owned by institutional investors.

Gold Royalty Company Profile

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.