Medici Capital LLC Takes $252,000 Position in Gold Royalty Corp. $GROY

Key Points

• Medici Capital LLC acquired a new position in Gold Royalty Corp. valued at approximately $252,000, representing about 0.2% of its investment portfolio.
• Multiple institutional investors have also recently purchased stakes in Gold Royalty, contributing to institutional ownership of 33.75% of the stock.
• Analysts have generally positive views on Gold Royalty, with a consensus rating of "Buy" and a price target of $4.64.

Medici Capital LLC acquired a new stake in Gold Royalty Corp. (NYSE:GROY - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 114,000 shares of the company's stock, valued at approximately $252,000. Gold Royalty comprises about 0.2% of Medici Capital LLC's investment portfolio, making the stock its 19th biggest position. Medici Capital LLC owned approximately 0.07% of Gold Royalty as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of GROY. Total Wealth Planning & Management Inc. bought a new stake in shares of Gold Royalty in the 4th quarter valued at $31,000. Cubist Systematic Strategies LLC bought a new position in Gold Royalty during the fourth quarter worth $46,000. Focus Partners Advisor Solutions LLC bought a new position in Gold Royalty during the fourth quarter worth $54,000. Pacific Point Advisors LLC bought a new position in Gold Royalty during the fourth quarter worth $71,000. Finally, XTX Topco Ltd bought a new position in Gold Royalty during the first quarter worth $91,000. 33.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on GROY shares. Canaccord Genuity Group started coverage on shares of Gold Royalty in a research note on Wednesday, June 11th. They set a "buy" rating and a $3.00 target price on the stock. National Bankshares reissued an "outperform" rating on shares of Gold Royalty in a research note on Wednesday, July 16th. Maxim Group started coverage on shares of Gold Royalty in a research note on Thursday. They set a "buy" rating and a $6.00 target price on the stock. HC Wainwright increased their target price on shares of Gold Royalty from $5.75 to $6.25 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Finally, Scotiabank restated an "outperform" rating on shares of Gold Royalty in a report on Monday, August 11th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $4.64.

Gold Royalty Stock Performance

GROY opened at $3.81 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.09. The company's fifty day moving average price is $2.99 and its two-hundred day moving average price is $2.14. Gold Royalty Corp. has a 1-year low of $1.16 and a 1-year high of $4.04. The company has a market cap of $649.49 million, a price-to-earnings ratio of -29.31 and a beta of 0.99.

Gold Royalty 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.

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