Gold Royalty (NYSE:GROY - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at HC Wainwright in a research report issued on Friday,Benzinga reports. They currently have a $5.75 price objective on the stock. HC Wainwright's price target points to a potential upside of 151.09% from the company's current price.
Separately, Canaccord Genuity Group initiated coverage on Gold Royalty in a research report on Wednesday, June 11th. They set a "buy" rating and a $3.00 price target on the stock.
Get Our Latest Report on Gold Royalty
Gold Royalty Price Performance
NYSE:GROY opened at $2.29 on Friday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.09. The firm has a market cap of $390.38 million, a PE ratio of -17.62 and a beta of 0.88. Gold Royalty has a 12 month low of $1.16 and a 12 month high of $2.35. The company's 50-day moving average price is $1.69 and its two-hundred day moving average price is $1.45.
Institutional Investors Weigh In On Gold Royalty
A number of hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC grew its stake in shares of Gold Royalty by 20.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 125,910 shares of the company's stock valued at $152,000 after purchasing an additional 21,717 shares during the last quarter. Total Wealth Planning & Management Inc. bought a new position in Gold Royalty in the 4th quarter valued at $31,000. Marshall Wace LLP boosted its position in Gold Royalty by 43.7% in the 4th quarter. Marshall Wace LLP now owns 100,963 shares of the company's stock valued at $122,000 after buying an additional 30,710 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Gold Royalty in the 4th quarter valued at $46,000. Finally, Two Sigma Securities LLC bought a new stake in shares of Gold Royalty during the fourth quarter worth $51,000. Institutional investors own 33.75% of the company's stock.
Gold Royalty Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Gold Royalty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gold Royalty wasn't on the list.
While Gold Royalty currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
