Acuitas Investments LLC Takes Position in Gold Royalty Corp. $GROY

Key Points

• Acuitas Investments LLC bought a new position of 780,816 shares (~$3.014 million) in Gold Royalty during Q3, making the stock 1.9% of Acuitas’s portfolio and leaving it with roughly 0.46% ownership of GROY.
• Several institutions (Amundi, JPMorgan, BofA, BNP Paribas, etc.) significantly increased stakes—institutions now own about 33.75% of the stock—and analysts are broadly positive with a consensus Buy rating and an average price target of $5.68 (shares ~ $3.85, market cap ~$847M).

Acuitas Investments LLC bought a new position in shares of Gold Royalty Corp. (NYSEAMERICAN:GROY - Free Report) during the third quarter, according to its most recent filing with the SEC. The fund bought 780,816 shares of the company's stock, valued at approximately $3,014,000. Gold Royalty accounts for 1.9% of Acuitas Investments LLC's investment portfolio, making the stock its 27th largest holding. Acuitas Investments LLC owned about 0.46% of Gold Royalty at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Amundi raised its position in Gold Royalty by 300.0% in the second quarter. Amundi now owns 2,000,000 shares of the company's stock worth $4,520,000 after acquiring an additional 1,500,000 shares during the period. JPMorgan Chase & Co. grew its position in shares of Gold Royalty by 1,918.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,042,141 shares of the company's stock valued at $2,303,000 after acquiring an additional 990,515 shares during the period. Groupe la Francaise increased its stake in shares of Gold Royalty by 594.7% during the 2nd quarter. Groupe la Francaise now owns 600,000 shares of the company's stock worth $1,320,000 after purchasing an additional 513,636 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Gold Royalty by 453.3% in the 3rd quarter. Bank of America Corp DE now owns 546,646 shares of the company's stock worth $2,110,000 after purchasing an additional 447,852 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of Gold Royalty by 394.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 482,846 shares of the company's stock worth $1,864,000 after purchasing an additional 385,262 shares during the period. 33.75% of the stock is owned by hedge funds and other institutional investors.

Gold Royalty Stock Down 1.5%

Shares of NYSEAMERICAN:GROY opened at $3.85 on Wednesday. The stock's 50-day moving average is $4.48 and its 200 day moving average is $4.06. The company has a market cap of $846.96 million, a PE ratio of -96.25 and a beta of 0.97. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.02 and a quick ratio of 2.02. Gold Royalty Corp. has a 1 year low of $1.23 and a 1 year high of $5.45.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GROY. Maxim Group set a $7.00 price objective on Gold Royalty in a report on Friday, January 23rd. National Bank Financial restated an "outperform" rating and issued a $5.50 target price on shares of Gold Royalty in a research note on Wednesday, December 10th. HC Wainwright upped their price target on Gold Royalty from $6.25 to $7.00 and gave the company a "buy" rating in a research report on Thursday, January 15th. BMO Capital Markets reissued an "outperform" rating and issued a $4.75 price objective on shares of Gold Royalty in a report on Tuesday, December 9th. Finally, Zacks Research upgraded Gold Royalty from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Gold Royalty currently has a consensus rating of "Buy" and an average price target of $5.68.

Gold Royalty 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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