U S Global Investors Inc. Acquires 1,708,319 Shares of Gold Royalty Corp. $GROY

Key Points

• U.S. Global Investors acquired 1,708,319 shares of Gold Royalty Corp. in the third quarter, valued at approximately $5.1 million and representing a 0.74% stake.
• Gold Royalty shares recently traded at $2.84, down 6.0%, with a 52-week range of $2.45 to $5.45. Institutional investors and hedge funds collectively own 33.75% of the company.
• Analysts maintain a generally positive outlook, with seven Buy ratings and one Hold rating; the stock has an average price target of $5.38, compared with its current share price.

U S Global Investors Inc. acquired a new stake in Gold Royalty Corp. (NYSEAMERICAN:GROY - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,708,319 shares of the company's stock, valued at approximately $5,125,000. U S Global Investors Inc. owned 0.74% of Gold Royalty as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. TD Waterhouse Canada Inc. grew its holdings in shares of Gold Royalty by 147.0% during the third quarter. TD Waterhouse Canada Inc. now owns 20,380 shares of the company's stock worth $61,000 after buying an additional 12,128 shares during the last quarter. Engineers Gate Manager LP acquired a new position in Gold Royalty in the 2nd quarter valued at about $136,000. Groupe la Francaise raised its stake in Gold Royalty by 5.9% during the 2nd quarter. Groupe la Francaise now owns 1,800,000 shares of the company's stock valued at $4,972,000 after acquiring an additional 100,000 shares during the last quarter. AXQ Capital LP purchased a new stake in Gold Royalty during the 2nd quarter valued at approximately $29,000. Finally, NINE MASTS CAPITAL Ltd purchased a new stake in Gold Royalty during the 2nd quarter valued at approximately $77,000. 33.75% of the stock is owned by hedge funds and other institutional investors.

Gold Royalty Stock Down 6.0%

Shares of Gold Royalty stock opened at $2.84 on Friday. Gold Royalty Corp. has a 52-week low of $2.45 and a 52-week high of $5.45. The company's 50-day simple moving average is $3.18 and its 200-day simple moving average is $3.12. The firm has a market cap of $655.50 million, a price-to-earnings ratio of 284.28 and a beta of 1.10.

Gold Royalty (NYSEAMERICAN:GROY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Gold Royalty had a net margin of 6.65% and a return on equity of 0.68%. The firm had revenue of $7.93 million during the quarter, compared to analysts' expectations of $8.34 million. Equities research analysts anticipate that Gold Royalty Corp. will post 0.05 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on GROY. TD set a $4.00 price objective on Gold Royalty and gave the stock a "buy" rating in a research report on Thursday, October 8th. Scotiabank lowered their target price on Gold Royalty from $6.00 to $5.75 and set an "outperform" rating on the stock in a research note on Tuesday, July 14th. TD Securities began coverage on Gold Royalty in a report on Thursday, October 8th. They issued a "buy" rating and a $4.00 target price on the stock. Finally, HC Wainwright cut their price target on Gold Royalty from $7.75 to $7.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $5.38.

Gold Royalty Profile

Gold Royalty Corp. is a precious-metals royalty and streaming company focused primarily on gold. Rather than operating mines directly, the company provides capital to mining companies in exchange for royalty interests, streams and other contractual rights tied to future production or revenue from mineral projects.

Gold Royalty's portfolio includes interests in exploration, development and producing properties, with exposure concentrated in the Americas. Its assets span mining jurisdictions including Canada, the United States, Mexico and other countries in Latin America.

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