Gold Royalty's (GROY) "Buy" Rating Reiterated at HC Wainwright

Key Points

• HC Wainwright reiterated a "Buy" on Gold Royalty (GROY) with a $6.75 price target, implying roughly an 89.6% upside from the recent close.
• Analyst consensus is a "Moderate Buy" (six Buys, two Holds) with a consensus price target of $5.64, while the stock trades around $3.56 and has a 52‑week range of $1.43–$5.45.
• Institutional investors have been increasing positions—hedge funds own about 33.75% of the company, with notable buys from Acuitas, Tudor, JPMorgan and CWA Asset Management.

Gold Royalty (NYSEAMERICAN:GROY - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at HC Wainwright in a report released on Tuesday,Benzinga reports. They presently have a $6.75 price target on the stock. HC Wainwright's target price points to a potential upside of 89.61% from the company's previous close.

Several other analysts have also recently weighed in on GROY. Maxim Group set a $7.00 price target on shares of Gold Royalty in a research note on Friday, January 23rd. Zacks Research cut shares of Gold Royalty from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 24th. Scotiabank increased their price target on shares of Gold Royalty from $5.00 to $6.00 and gave the company an "outperform" rating in a research note on Monday, January 26th. Finally, Canaccord Genuity Group reissued a "hold" rating and issued a $5.00 price target (up from $4.50) on shares of Gold Royalty in a research note on Thursday, January 22nd. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $5.64.

Gold Royalty Price Performance

Gold Royalty stock opened at $3.56 on Tuesday. The firm has a 50 day simple moving average of $3.86 and a 200-day simple moving average of $4.01. Gold Royalty has a 1-year low of $1.43 and a 1-year high of $5.45. The stock has a market cap of $821.61 million, a price-to-earnings ratio of -178.00 and a beta of 1.06.

Hedge Funds Weigh In On Gold Royalty

Hedge funds have recently made changes to their positions in the stock. Acuitas Investments LLC purchased a new position in shares of Gold Royalty during the 3rd quarter worth approximately $3,014,000. Tudor Investment Corp ET AL purchased a new position in shares of Gold Royalty during the 3rd quarter worth approximately $1,769,000. JPMorgan Chase & Co. boosted its position in shares of Gold Royalty by 46.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,523,522 shares of the company's stock worth $5,881,000 after purchasing an additional 481,381 shares during the period. CWA Asset Management Group LLC purchased a new position in shares of Gold Royalty during the 4th quarter worth approximately $15,928,000. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Gold Royalty during the 3rd quarter worth approximately $86,000. Hedge funds and other institutional investors own 33.75% of the company's stock.

About Gold Royalty

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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