CWA Asset Management Group LLC Takes $15.93 Million Position in Gold Royalty Corp. $GROY

Key Points

• CWA Asset Management opened a new position of 3,942,457 shares in Gold Royalty (GROY) worth approximately $15.93 million, representing about 2.0% ownership per its latest 13F filing.
• Gold Royalty reported record 2025 revenue and operating cash flow and guided to aggressive growth (~62% gold‑equivalent ounce growth target for 2026), but still posted a Q4 net loss, negative margins, and is trading below its 50‑ and 200‑day moving averages with a negative P/E.
• Analysts and institutions are generally bullish: the consensus rating is "Buy" with an average target of $5.64, institutional ownership is ~33.8%, and firms including JPMorgan and Goldman Sachs materially increased their stakes recently.

CWA Asset Management Group LLC purchased a new stake in shares of Gold Royalty Corp. (NYSEAMERICAN:GROY - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,942,457 shares of the company's stock, valued at approximately $15,928,000. CWA Asset Management Group LLC owned approximately 2.00% of Gold Royalty as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amundi bought a new stake in Gold Royalty during the 1st quarter valued at about $695,000. Goldman Sachs Group Inc. grew its holdings in shares of Gold Royalty by 140.7% during the first quarter. Goldman Sachs Group Inc. now owns 99,504 shares of the company's stock valued at $143,000 after buying an additional 58,172 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Gold Royalty by 1,918.6% during the second 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 in the last quarter. XTX Topco Ltd raised its holdings in Gold Royalty by 496.9% in the 2nd quarter. XTX Topco Ltd now owns 377,394 shares of the company's stock worth $834,000 after acquiring an additional 314,170 shares during the last quarter. Finally, Quadrature Capital Ltd raised its holdings in Gold Royalty by 257.9% in the 2nd quarter. Quadrature Capital Ltd now owns 177,498 shares of the company's stock worth $393,000 after acquiring an additional 127,904 shares during the last quarter. 33.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GROY has been the topic of several recent analyst reports. National Bank Financial reiterated an "outperform" rating and set a $5.50 target price on shares of Gold Royalty in a research note on Wednesday, December 10th. Canaccord Genuity Group reaffirmed a "hold" rating and set a $5.00 price target (up from $4.50) on shares of Gold Royalty in a report on Thursday, January 22nd. BMO Capital Markets reaffirmed an "outperform" rating and set a $4.75 price objective on shares of Gold Royalty in a research report on Tuesday, December 9th. Zacks Research upgraded Gold Royalty from a "hold" rating to a "strong-buy" rating in a report on Monday, January 12th. Finally, Maxim Group set a $7.00 target price on Gold Royalty in a research report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Gold Royalty currently has an average rating of "Buy" and an average target price of $5.64.

Gold Royalty News Roundup

Here are the key news stories impacting Gold Royalty this week:

• Positive Sentiment: Company reported record annual revenue and operating cash flows for 2025 and issued a strong growth outlook through 2030, supporting longer‑term upside. PR Newswire Release
• Positive Sentiment: Management outlined an aggressive operational growth path, including a ~62% gold-equivalent ounce growth target for 2026 and an expanding cash-generating asset base — news that can lift forward production and royalty cash flow expectations. Seeking Alpha
• Positive Sentiment: Q4 revenue beat consensus ($5.21M vs $4.85M), a short-term fundamental beat that supports the growth narrative. Conference call materials and slides were released for investor review. MarketBeat — Earnings / Call
• Neutral Sentiment: HC Wainwright trimmed its price target from $7.00 to $6.75 but kept a "Buy" rating, implying significant upside remains (per the firm) despite the modest cut. Benzinga
• Neutral Sentiment: Full earnings call transcripts and analyst summaries were published across outlets (MSN, Seeking Alpha, Yahoo, TipRanks), giving investors more detail to model growth and cash flow timing. MSN Transcript
• Negative Sentiment: Net loss persisted in Q4 despite record revenue; company reported ($0.00) EPS for the quarter, negative net margin (~44%) and negative ROE, keeping profitability concerns front-and-center. The Deep Dive
• Negative Sentiment: Technicals and valuation pressures: GROY is trading below its 50‑day ($4.44) and 200‑day ($4.05) moving averages, has a negative P/E, and the market is pricing in ongoing near-term losses — factors that can amplify selling on mixed news. MarketBeat — Price / Stats

Gold Royalty Stock Performance

Shares of GROY opened at $3.15 on Friday. The business has a 50-day simple moving average of $4.42 and a two-hundred day simple moving average of $4.04. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.09. Gold Royalty Corp. has a 52 week low of $1.23 and a 52 week high of $5.45. The stock has a market cap of $692.97 million, a price-to-earnings ratio of -157.50 and a beta of 0.97.

About Gold Royalty

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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