GSA Capital Partners LLP Has $1.32 Million Position in Gold Royalty Corp. (NYSE:GROY)

Key Points

• GSA Capital Partners LLP increased its holdings in Gold Royalty Corp. by 19.5%, owning approximately 0.54% of the company valued at $1.32 million after acquiring additional shares.
• Several other hedge funds made new acquisitions in Gold Royalty during the fourth quarter, contributing to the institutional ownership of 33.75% of the company's stock.
• The stock opened at $2.53, with a twelve-month trading range of $1.16 to $2.75, while brokerages have set price targets ranging from $2.50 to $5.75.

GSA Capital Partners LLP raised its holdings in shares of Gold Royalty Corp. (NYSE:GROY - Free Report) by 19.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 916,940 shares of the company's stock after acquiring an additional 149,406 shares during the quarter. GSA Capital Partners LLP owned approximately 0.54% of Gold Royalty worth $1,320,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its stake in shares of Gold Royalty by 20.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 125,910 shares of the company's stock valued at $152,000 after buying an additional 21,717 shares in the last quarter. Total Wealth Planning & Management Inc. bought a new stake in shares of Gold Royalty in the 4th quarter valued at approximately $31,000. Marshall Wace LLP grew its stake in shares of Gold Royalty by 43.7% in the 4th quarter. Marshall Wace LLP now owns 100,963 shares of the company's stock valued at $122,000 after buying an additional 30,710 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Gold Royalty in the 4th quarter valued at approximately $46,000. Finally, Two Sigma Securities LLC bought a new stake in shares of Gold Royalty in the 4th quarter valued at approximately $51,000. Hedge funds and other institutional investors own 33.75% of the company's stock.

Gold Royalty Stock Performance

GROY traded up $0.11 on Friday, hitting $2.68. The company had a trading volume of 2,250,042 shares, compared to its average volume of 1,522,154. The company's fifty day moving average price is $2.27 and its 200 day moving average price is $1.73. Gold Royalty Corp. has a 1-year low of $1.16 and a 1-year high of $2.75. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market cap of $456.86 million, a price-to-earnings ratio of -20.62 and a beta of 0.94.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Scotiabank set a $2.50 price target on Gold Royalty and gave the company an "outperform" rating in a research note on Friday, June 13th. Canaccord Genuity Group assumed coverage on Gold Royalty in a research note on Wednesday, June 11th. They issued a "buy" rating and a $3.00 price target for the company. HC Wainwright reissued a "buy" rating and issued a $5.75 price target on shares of Gold Royalty in a research note on Friday, June 13th. Finally, National Bankshares reissued an "outperform" rating on shares of Gold Royalty in a research note on Wednesday, July 16th.

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.