Groupe la Francaise Makes New Investment in Gold Royalty Corp. $GROY

Key Points

• Groupe la Francaise has acquired a new stake in Gold Royalty Corp., purchasing 86,364 shares valued at approximately $129,000, representing about 0.05% ownership.
• Several institutional investors have significantly increased their stakes in Gold Royalty, with Financial Sense Advisors Inc. reporting a 1,022.0% increase in holdings during the first quarter.
• Analysts have rated Gold Royalty shares positively, with a consensus rating of "Buy" and a price target of $4.18, reflecting optimism about the stock's potential.

Groupe la Francaise acquired a new stake in shares of Gold Royalty Corp. (NYSE:GROY - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 86,364 shares of the company's stock, valued at approximately $129,000. Groupe la Francaise owned about 0.05% of Gold Royalty at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Total Wealth Planning & Management Inc. bought a new position in Gold Royalty in the fourth quarter worth about $31,000. Cubist Systematic Strategies LLC bought a new position in Gold Royalty in the fourth quarter worth about $46,000. Two Sigma Securities LLC bought a new position in Gold Royalty in the fourth quarter worth about $51,000. Focus Partners Advisor Solutions LLC bought a new position in shares of Gold Royalty during the fourth quarter valued at approximately $54,000. Finally, Pacific Point Advisors LLC bought a new position in shares of Gold Royalty during the fourth quarter valued at approximately $71,000. 33.75% of the stock is owned by institutional investors.

Gold Royalty Stock Performance

GROY traded up $0.34 during trading on Friday, hitting $3.62. The company's stock had a trading volume of 4,974,518 shares, compared to its average volume of 1,637,691. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.09. Gold Royalty Corp. has a one year low of $1.16 and a one year high of $3.65. The firm has a market cap of $617.10 million, a PE ratio of -27.85 and a beta of 0.96. The business's 50 day simple moving average is $2.67 and its 200-day simple moving average is $1.96.

Analyst Upgrades and Downgrades

GROY has been the topic of a number of recent analyst reports. HC Wainwright increased their price target on shares of Gold Royalty from $5.75 to $6.25 and gave the company a "buy" rating in a report on Thursday, August 7th. Canaccord Genuity Group initiated coverage on shares of Gold Royalty in a report on Wednesday, June 11th. They set a "buy" rating and a $3.00 price target on the stock. Scotiabank reiterated an "outperform" rating on shares of Gold Royalty in a report on Monday, August 11th. Finally, National Bankshares reiterated an "outperform" rating on shares of Gold Royalty in a report on Wednesday, July 16th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $4.18.

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.