Gold Royalty Corp. (NYSE:GROY) Receives Average Rating of "Buy" from Analysts

Key Points

• Analysts give Gold Royalty a consensus Buy rating from eight brokerages (six buys, one strong buy, one hold) with an average 1‑year price target of about $5.68.
• Several analysts have recently raised targets — notably HC Wainwright and Maxim Group bumped targets to $7.00, while others lifted targets into the roughly $4.75–$5.50 range.
• Shares opened at $4.30 with a market cap of about $946M, a negative P/E (-33.08), a 12‑month range of $1.23–$5.45, and institutional investors owning roughly 33.75% of the stock.

Shares of Gold Royalty Corp. (NYSE:GROY - Get Free Report) have received a consensus recommendation of "Buy" from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $5.6786.

GROY has been the topic of several recent analyst reports. HC Wainwright increased their price objective on shares of Gold Royalty from $6.25 to $7.00 and gave the stock a "buy" rating in a report on Thursday, January 15th. Canaccord Genuity Group reaffirmed 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. National Bank Financial reaffirmed an "outperform" rating and set a $5.50 price target on shares of Gold Royalty in a research note on Wednesday, December 10th. Maxim Group set a $7.00 price target on shares of Gold Royalty in a report on Friday, January 23rd. Finally, BMO Capital Markets reissued an "outperform" rating and set a $4.75 price objective on shares of Gold Royalty in a research note on Tuesday, December 9th.

Institutional Investors Weigh In On Gold Royalty

A number of institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its stake in shares of Gold Royalty by 363,800.0% in the 4th 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. Pacifica Partners Inc. acquired a new stake in Gold Royalty during the 3rd quarter worth approximately $32,000. Geneos Wealth Management Inc. raised its holdings in Gold Royalty by 68.0% in the second quarter. Geneos Wealth Management Inc. now owns 16,800 shares of the company's stock valued at $37,000 after buying an additional 6,800 shares during the period. SevenBridge Financial Group LLC acquired a new position in Gold Royalty during the fourth quarter valued at approximately $40,000. Finally, Aptus Capital Advisors LLC acquired a new position in Gold Royalty during the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 33.75% of the company's stock.

Gold Royalty Stock Up 1.2%

Shares of NYSE:GROY opened at $4.30 on Monday. 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 firm has a market cap of $945.96 million, a price-to-earnings ratio of -33.08 and a beta of 0.97. The stock's 50-day moving average price is $4.49 and its two-hundred day moving average price is $4.02. Gold Royalty has a 12-month low of $1.23 and a 12-month high of $5.45.

Gold Royalty Company Profile

Gold Royalty Corp NYSE: GROY is a precious metals-focused royalty and streaming company with a dedicated emphasis on gold. Through the acquisition and management of royalty, stream, and similar interests, the company gains exposure to a diversified portfolio of producing mines, advanced-stage development projects, and exploration assets. By taking a passive owner role, Gold Royalty receives a share of production or revenue from its partner operators without bearing the full costs and risks of mine development.

The company's business model centers on securing cash flows from producing assets while simultaneously pursuing growth via royalties on projects at earlier stages.

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