Financial Sense Advisors Inc. Acquires 102,200 Shares of Gold Royalty Corp. (NYSE:GROY)

Financial Sense Advisors Inc. increased its stake in Gold Royalty Corp. (NYSE:GROY - Free Report) by 1,022.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,200 shares of the company's stock after acquiring an additional 102,200 shares during the period. Financial Sense Advisors Inc. owned approximately 0.07% of Gold Royalty worth $162,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new position in Gold Royalty in the fourth quarter worth about $46,000. Marshall Wace LLP grew its position in Gold Royalty by 43.7% in the fourth quarter. Marshall Wace LLP now owns 100,963 shares of the company's stock worth $122,000 after acquiring an additional 30,710 shares in the last quarter. Commonwealth Equity Services LLC grew its position in Gold Royalty by 20.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 125,910 shares of the company's stock worth $152,000 after acquiring an additional 21,717 shares in the last quarter. Zazove Associates LLC grew its position in Gold Royalty by 83.0% in the fourth quarter. Zazove Associates LLC now owns 441,000 shares of the company's stock worth $534,000 after acquiring an additional 200,000 shares in the last quarter. Finally, Regal Partners Ltd grew its position in Gold Royalty by 40.2% in the fourth quarter. Regal Partners Ltd now owns 196,658 shares of the company's stock worth $238,000 after acquiring an additional 56,390 shares in the last quarter. Hedge funds and other institutional investors own 33.75% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on GROY. Scotiabank set a $2.50 price objective on shares of Gold Royalty and gave the stock an "outperform" rating in a research note on Friday, June 13th. Canaccord Genuity Group began coverage on shares of Gold Royalty in a research note on Wednesday, June 11th. They issued a "buy" rating and a $3.00 price objective for the company. National Bankshares reissued an "outperform" rating on shares of Gold Royalty in a research note on Wednesday, July 16th. Finally, HC Wainwright reissued a "buy" rating and issued a $5.75 price objective on shares of Gold Royalty in a research note on Friday, June 13th.

Gold Royalty Trading Up 5.4%

Shares of Gold Royalty stock traded up $0.14 on Friday, hitting $2.65. 1,531,224 shares of the company traded hands, compared to its average volume of 1,500,796. The stock's 50 day moving average price is $2.16 and its 200-day moving average price is $1.67. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.09. Gold Royalty Corp. has a 52 week low of $1.16 and a 52 week high of $2.69. The company has a market cap of $450.89 million, a PE ratio of -20.35 and a beta of 0.94.

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.