Bank of Montreal Can grew its position in Gold Royalty Corp. (NYSE:GROY - Free Report) by 15.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,591,397 shares of the company's stock after acquiring an additional 478,665 shares during the quarter. Bank of Montreal Can owned 2.12% of Gold Royalty worth $4,346,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. Verition Fund Management LLC acquired a new stake in Gold Royalty during the third quarter worth $32,000. XTX Topco Ltd acquired a new position in Gold Royalty during the third quarter worth $83,000. Commonwealth Equity Services LLC lifted its holdings in shares of Gold Royalty by 20.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 125,910 shares of the company's stock valued at $152,000 after acquiring an additional 21,717 shares during the period. Finally, Sprott Inc. boosted its stake in shares of Gold Royalty by 227.5% in the 4th quarter. Sprott Inc. now owns 363,841 shares of the company's stock valued at $440,000 after purchasing an additional 252,735 shares in the last quarter. Institutional investors and hedge funds own 33.75% of the company's stock.
Wall Street Analyst Weigh In
Separately, HC Wainwright lifted their price target on shares of Gold Royalty from $5.50 to $5.75 and gave the company a "buy" rating in a report on Wednesday, February 5th.
Read Our Latest Research Report on GROY
Gold Royalty Price Performance
Shares of NYSE:GROY traded down $0.05 during midday trading on Friday, reaching $1.63. The company's stock had a trading volume of 1,163,655 shares, compared to its average volume of 1,091,201. The business's fifty day simple moving average is $1.44 and its 200-day simple moving average is $1.36. The company has a market capitalization of $277.87 million, a P/E ratio of -12.54 and a beta of 0.79. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.63 and a quick ratio of 1.63. Gold Royalty Corp. has a fifty-two week low of $1.16 and a fifty-two week high of $2.21.
Gold Royalty Profile
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Free Report)
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.
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