Gold Royalty (NYSE:GROY) Now Covered by Analysts at Maxim Group

Key Points

• Maxim Group has initiated coverage on Gold Royalty (NYSE:GROY) with a "buy" rating and a price target of $6.00, suggesting a potential upside of 66.67% from the current stock price.
• Multiple analysts, including Scotiabank and HC Wainwright, have maintained positive ratings on Gold Royalty, contributing to an overall consensus rating of "Buy" and an average target price of $4.64.
• The stock has seen recent volatility, with shares down by 4.3% on a Thursday, highlighting the current market conditions and investor interest.

Investment analysts at Maxim Group initiated coverage on shares of Gold Royalty (NYSE:GROY - Get Free Report) in a research note issued on Thursday,Briefing.com Automated Import reports. The firm set a "buy" rating and a $6.00 price target on the stock. Maxim Group's price objective indicates a potential upside of 66.67% from the company's current price.

Other equities research analysts have also recently issued reports about the company. Scotiabank reaffirmed an "outperform" rating on shares of Gold Royalty in a research note on Monday, August 11th. HC Wainwright boosted their target price on Gold Royalty from $5.75 to $6.25 and gave the stock a "buy" rating in a research report on Thursday, August 7th. National Bankshares restated an "outperform" rating on shares of Gold Royalty in a report on Wednesday, July 16th. Finally, Canaccord Genuity Group initiated coverage on Gold Royalty in a research note on Wednesday, June 11th. They issued a "buy" rating and a $3.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Gold Royalty has an average rating of "Buy" and a consensus target price of $4.64.

Gold Royalty Stock Down 4.3%

Shares of GROY opened at $3.60 on Thursday. The firm has a market cap of $613.69 million, a P/E ratio of -27.69 and a beta of 0.99. The stock's 50 day moving average is $2.93 and its two-hundred day moving average is $2.11. Gold Royalty has a 12 month low of $1.16 and a 12 month high of $4.04. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.09.

Hedge Funds Weigh In On Gold Royalty

A number of hedge funds have recently bought and sold shares of the company. Total Wealth Planning & Management Inc. purchased a new position in shares of Gold Royalty in the fourth quarter valued at $31,000. Geneos Wealth Management Inc. grew its stake 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 purchasing an additional 6,800 shares during the last quarter. PFG Investments LLC purchased a new stake in shares of Gold Royalty during the second quarter worth about $43,000. Walleye Capital LLC purchased a new stake in shares of Gold Royalty during the second quarter worth about $44,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Gold Royalty in the fourth quarter valued at approximately $46,000. Institutional investors own 33.75% of the company's stock.

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.

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