Gold Royalty Corp. (NYSE:GROY - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $3.62, but opened at $3.96. Gold Royalty shares last traded at $3.88, with a volume of 1,677,753 shares.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the company. Canaccord Genuity Group assumed coverage on Gold Royalty in a research note on Wednesday, June 11th. They issued a "buy" rating and a $3.00 price target on the stock. HC Wainwright increased their price objective on Gold Royalty from $5.75 to $6.25 and gave the stock a "buy" rating in a research note on Thursday, August 7th. National Bankshares reissued an "outperform" rating on shares of Gold Royalty in a research note on Wednesday, July 16th. Finally, Scotiabank reissued an "outperform" rating on shares of Gold Royalty in a research note on Monday, August 11th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $4.18.
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Gold Royalty Stock Up 6.7%
The business has a 50 day simple moving average of $2.84 and a 200 day simple moving average of $2.06. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market cap of $654.60 million, a PE ratio of -29.54 and a beta of 0.99.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. XTX Topco Ltd purchased a new position in Gold Royalty in the first quarter valued at about $91,000. Cubist Systematic Strategies LLC bought a new position in Gold Royalty during the fourth quarter valued at about $46,000. GSA Capital Partners LLP raised its holdings in Gold Royalty by 19.5% during the first quarter. GSA Capital Partners LLP now owns 916,940 shares of the company's stock valued at $1,320,000 after buying an additional 149,406 shares in the last quarter. Groupe la Francaise bought a new position in Gold Royalty during the first quarter valued at about $129,000. Finally, Financial Sense Advisors Inc. increased its holdings in shares of Gold Royalty by 1,022.0% during the 1st quarter. Financial Sense Advisors Inc. now owns 112,200 shares of the company's stock valued at $162,000 after acquiring an additional 102,200 shares during the last quarter. Hedge funds and other institutional investors own 33.75% of the company's stock.
About Gold Royalty
(
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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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