Regal Partners Ltd Sells 143,087 Shares of Gold Royalty Corp. (NYSE:GROY)

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 lowered its stake in Gold Royalty Corp. (NYSE:GROY - Free Report) by 72.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,571 shares of the company's stock after selling 143,087 shares during the period. Regal Partners Ltd's holdings in Gold Royalty were worth $77,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in GROY. Total Wealth Planning & Management Inc. acquired a new position in shares of Gold Royalty during the fourth quarter worth $31,000. Cubist Systematic Strategies LLC acquired a new position in shares of Gold Royalty during the fourth quarter worth $46,000. Two Sigma Securities LLC acquired a new position in shares of Gold Royalty during the fourth quarter worth $51,000. Focus Partners Advisor Solutions LLC acquired a new position in shares of Gold Royalty during the fourth quarter worth $54,000. Finally, Pacific Point Advisors LLC acquired a new position in shares of Gold Royalty during the fourth quarter worth $71,000. Institutional investors and hedge funds own 33.75% of the company's stock.

Gold Royalty Stock Performance

GROY traded down $0.04 during midday trading on Friday, reaching $3.03. The company had a trading volume of 1,042,090 shares, compared to its average volume of 1,602,762. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a market cap of $516.52 million, a PE ratio of -23.31 and a beta of 0.96. Gold Royalty Corp. has a 12-month low of $1.16 and a 12-month high of $3.26. The business has a 50-day moving average price of $2.50 and a two-hundred day moving average price of $1.85.

Analyst Upgrades and Downgrades

GROY has been the subject of a number of analyst reports. Scotiabank reissued an "outperform" rating on shares of Gold Royalty in a research note on Monday. HC Wainwright boosted their target price on shares of Gold Royalty from $5.75 to $6.25 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Canaccord Genuity Group began coverage on shares of Gold Royalty in a research report on Wednesday, June 11th. They set a "buy" rating and a $3.00 target price for the company. Finally, National Bankshares restated an "outperform" rating on shares of Gold Royalty in a report on Wednesday, July 16th.

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.