Gold Royalty Corp. (NYSEAMERICAN:GROY) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analysts give Gold Royalty an average rating of Moderate Buy from eight firms (six buys, two holds) with an average 1‑year price target of $5.64.
• Shares opened at $3.56 (up ~2.3%), trading below the 50‑day ($3.86) and 200‑day ($4.01) moving averages, and the company has a market capitalization of $821.6M.
• Gold Royalty is a precious‑metals royalty and streaming company that provides upfront funding to miners in exchange for production royalties, and institutional investors own about 33.75% of the stock.

Gold Royalty Corp. (NYSEAMERICAN:GROY - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eight ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $5.6429.

A number of equities research analysts have weighed in on GROY shares. Maxim Group set a $7.00 price target on Gold Royalty in a research report on Friday, January 23rd. Zacks Research downgraded Gold Royalty from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 24th. Scotiabank raised their price target on Gold Royalty from $5.00 to $6.00 and gave the company an "outperform" rating in a research report on Monday, January 26th. HC Wainwright lowered their price target on Gold Royalty from $7.00 to $6.75 and set a "buy" rating on the stock in a research report on Friday, March 20th. Finally, Canaccord Genuity Group restated a "hold" rating and set a $5.00 price target (up from $4.50) on shares of Gold Royalty in a research report on Thursday, January 22nd.

Gold Royalty Stock Up 2.3%

NYSEAMERICAN GROY opened at $3.56 on Tuesday. The stock's 50-day simple moving average is $3.86 and its two-hundred day simple moving average is $4.01. Gold Royalty has a twelve month low of $1.43 and a twelve month high of $5.45. The company has a market capitalization of $821.61 million, a price-to-earnings ratio of -178.00 and a beta of 1.06.

Institutional Investors Weigh In On Gold Royalty

A number of large investors have recently added to or reduced their stakes in GROY. Caitong International Asset Management Co. Ltd raised its position in Gold Royalty by 363,800.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,278 shares of the company's stock valued at $29,000 after purchasing an additional 7,276 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Gold Royalty by 68.0% during the second quarter. Geneos Wealth Management Inc. now owns 16,800 shares of the company's stock valued at $37,000 after purchasing an additional 6,800 shares in the last quarter. SevenBridge Financial Group LLC purchased a new stake in Gold Royalty during the fourth quarter valued at about $40,000. Aptus Capital Advisors LLC purchased a new position in shares of Gold Royalty in the fourth quarter worth about $40,000. Finally, Leigh Baldwin & CO. LLC purchased a new position in shares of Gold Royalty in the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 33.75% of the company's stock.

Gold Royalty Company Profile

Gold Royalty Corp is a precious metals royalty and streaming company that focuses on acquiring and managing royalty interests in gold, silver and other metal assets. The company provides upfront funding to mining operators in exchange for a percentage of future metal production, offering an alternative financing model that can reduce capital requirements and accelerate development timelines for mining projects.

The firm's diversified portfolio spans royalty and stream agreements across the Americas, with interests in operating mines, development‐stage assets and advanced exploration projects.

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