Eagle Global Advisors LLC Invests $206,000 in Gold Royalty Corp. (NYSE:GROY)

Eagle Global Advisors LLC acquired a new position in Gold Royalty Corp. (NYSE:GROY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 170,000 shares of the company's stock, valued at approximately $206,000. Eagle Global Advisors LLC owned 0.10% of Gold Royalty as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new stake in Gold Royalty during the fourth quarter valued at about $46,000. Parvin Asset Management LLC acquired a new stake in Gold Royalty in the fourth quarter valued at approximately $162,000. Regal Partners Ltd raised its holdings in Gold Royalty by 40.2% during the fourth quarter. Regal Partners Ltd now owns 196,658 shares of the company's stock valued at $238,000 after buying an additional 56,390 shares in the last quarter. Two Sigma Securities LLC bought a new position in shares of Gold Royalty in the 4th quarter valued at approximately $51,000. Finally, Marshall Wace LLP raised its position in shares of Gold Royalty by 43.7% in the fourth quarter. Marshall Wace LLP now owns 100,963 shares of the company's stock valued at $122,000 after purchasing an additional 30,710 shares during the period. 33.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, HC Wainwright lifted their price objective on Gold Royalty from $5.50 to $5.75 and gave the stock a "buy" rating in a research note on Wednesday, February 5th.

Gold Royalty Price Performance

NYSE GROY traded up $0.01 on Tuesday, reaching $1.54. The company's stock had a trading volume of 597,898 shares, compared to its average volume of 1,145,755. The firm has a market cap of $261.67 million, a PE ratio of -11.81 and a beta of 0.78. The business has a 50-day moving average price of $1.48 and a 200 day moving average price of $1.37. Gold Royalty Corp. has a 52 week low of $1.16 and a 52 week high of $2.08. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.09.

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.