Gold Royalty Corp. (NYSEAMERICAN:GROY) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Gold Royalty, with seven buy ratings and one hold rating among eight analysts. The average 12-month price target is $5.64, although HC Wainwright and Scotiabank recently lowered their targets.
• Gold Royalty shares opened at $3.32, compared with a 52-week range of $2.45 to $5.45. The company reported quarterly EPS of $0.01, in line with estimates, while revenue of $7.93 million fell short of the $8.34 million consensus.
• Institutional investors own 33.75% of the company, with several investment firms recently establishing or increasing positions in the precious-metals royalty and streaming company.

Shares of Gold Royalty Corp. (NYSEAMERICAN:GROY - Get Free Report) have received a consensus rating of "Moderate Buy" from the eight ratings firms that are currently covering the company, MarketBeat reports. One 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 covered the stock in the last year is $5.6429.

A number of brokerages recently commented on GROY. HC Wainwright lowered their price target on shares of Gold Royalty from $7.75 to $7.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Scotiabank reduced their price objective on Gold Royalty from $6.00 to $5.75 and set an "outperform" rating on the stock in a research note on Tuesday, July 14th.

Hedge Funds Weigh In On Gold Royalty

Several large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd lifted its position in Gold Royalty by 363,800.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,278 shares of the company's stock worth $29,000 after buying an additional 7,276 shares during the last quarter. SevenBridge Financial Group LLC purchased a new stake in shares of Gold Royalty in the fourth quarter valued at $40,000. Aptus Capital Advisors LLC bought a new stake in shares of Gold Royalty in the 4th quarter worth about $40,000. Leigh Baldwin & CO. LLC purchased a new position in shares of Gold Royalty during the 4th quarter worth about $41,000. Finally, Commonwealth Equity Services LLC bought a new position in Gold Royalty during the 4th quarter valued at about $41,000. Institutional investors own 33.75% of the company's stock.

Gold Royalty Stock Performance

Shares of GROY opened at $3.32 on Monday. The company's fifty day moving average is $2.86 and its 200 day moving average is $3.36. Gold Royalty has a fifty-two week low of $2.45 and a fifty-two week high of $5.45. The stock has a market capitalization of $766.29 million, a PE ratio of 332.33 and a beta of 0.94.

Gold Royalty (NYSEAMERICAN:GROY - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. Gold Royalty had a net margin of 6.65% and a return on equity of 0.68%. The business had revenue of $7.93 million during the quarter, compared to analyst estimates of $8.34 million. As a group, research analysts forecast that Gold Royalty will post 0.05 earnings per share for the current year.

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.

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