Gold Royalty Corp. (NYSE:GROY) Shares Sold by Regal Partners Ltd

Key Points

• Regal Partners Ltd has reduced its stake in Gold Royalty Corp by 72.8%, selling 143,087 shares and retaining 53,571 shares valued at approximately $77,000.
• Several hedge funds have established new positions in Gold Royalty during the fourth quarter, indicating growing institutional interest, with a total of 33.75% of the stock held by institutional investors.
• Wall Street analysts have positive outlooks for Gold Royalty, with analysts from Canaccord Genuity and HC Wainwright issuing buy ratings and target prices suggesting potential growth.

Regal Partners Ltd reduced its stake in Gold Royalty Corp. (NYSE:GROY - Free Report) by 72.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 53,571 shares of the company's stock after selling 143,087 shares during the quarter. Regal Partners Ltd's holdings in Gold Royalty were worth $77,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. XTX Topco Ltd purchased a new position in Gold Royalty in the 1st quarter valued at approximately $91,000. Cubist Systematic Strategies LLC purchased a new position in Gold Royalty in the 4th quarter valued at approximately $46,000. Marshall Wace LLP boosted its position in 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 during the period. Eschler Asset Management LLP purchased a new position in Gold Royalty in the 4th quarter valued at approximately $76,000. Finally, Bank of Montreal Can boosted its position in Gold Royalty by 15.4% in the 4th quarter. Bank of Montreal Can now owns 3,591,397 shares of the company's stock valued at $4,346,000 after buying an additional 478,665 shares during the period. 33.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Scotiabank reissued an "outperform" rating on shares of Gold Royalty in a research report on Monday, August 11th. National Bankshares reissued an "outperform" rating on shares of Gold Royalty in a research report on Wednesday, July 16th. HC Wainwright raised their price objective 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. Finally, Canaccord Genuity Group initiated coverage on shares of Gold Royalty in a report on Wednesday, June 11th. They issued a "buy" rating and a $3.00 price objective on the stock.

Gold Royalty Stock Down 1.3%

Shares of GROY traded down $0.04 during midday trading on Friday, reaching $3.03. The stock had a trading volume of 1,042,090 shares, compared to its average volume of 1,602,762. Gold Royalty Corp. has a 1-year low of $1.16 and a 1-year high of $3.26. The company's fifty day simple moving average is $2.50 and its two-hundred day simple moving average is $1.86. The company has a market cap of $516.52 million, a price-to-earnings ratio of -23.31 and a beta of 0.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.63 and a quick ratio of 1.63.

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.