Gold Royalty Corp. (NYSE:GROY) Position Increased by GSA Capital Partners LLP

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

A number of other large investors have also recently added to or reduced their stakes in GROY. Commonwealth Equity Services LLC lifted its holdings 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 worth $152,000 after acquiring an additional 21,717 shares during the last quarter. Bank of Montreal Can lifted its stake in Gold Royalty by 15.4% during the fourth quarter. Bank of Montreal Can now owns 3,591,397 shares of the company's stock worth $4,346,000 after purchasing an additional 478,665 shares in the last quarter. Zazove Associates LLC lifted its stake in Gold Royalty by 83.0% during the fourth quarter. Zazove Associates LLC now owns 441,000 shares of the company's stock worth $534,000 after purchasing an additional 200,000 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Gold Royalty by 43.7% during the fourth quarter. Marshall Wace LLP now owns 100,963 shares of the company's stock worth $122,000 after buying an additional 30,710 shares during the period. Finally, Two Sigma Securities LLC acquired a new stake in shares of Gold Royalty in the fourth quarter valued at $51,000. 33.75% of the stock is currently owned by institutional investors and hedge funds.

Gold Royalty Stock Performance

NYSE GROY traded up $0.15 on Monday, hitting $2.83. 2,187,928 shares of the company's stock were exchanged, compared to its average volume of 1,525,531. 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 firm's 50-day moving average price is $2.27 and its two-hundred day moving average price is $1.74. The firm has a market cap of $481.58 million, a price-to-earnings ratio of -21.73 and a beta of 0.96. Gold Royalty Corp. has a fifty-two week low of $1.16 and a fifty-two week high of $2.88.

Wall Street Analyst Weigh In

GROY has been the topic of several research reports. Scotiabank set a $2.50 target price on 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 restated an "outperform" rating on shares of Gold Royalty in a report on Wednesday, July 16th. Finally, HC Wainwright reiterated a "buy" rating and set a $5.75 target price on shares of Gold Royalty in a report on Friday, June 13th.

Gold Royalty Company Profile

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.