Renaissance Technologies LLC trimmed its position in shares of Gold Royalty Corp. (NYSE:GROY - Free Report) by 21.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 709,900 shares of the company's stock after selling 192,100 shares during the period. Renaissance Technologies LLC owned about 0.42% of Gold Royalty worth $859,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Bank of Montreal Can raised its stake in shares of Gold Royalty by 15.4% during the fourth quarter. Bank of Montreal Can now owns 3,591,397 shares of the company's stock worth $4,346,000 after acquiring an additional 478,665 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Gold Royalty by 20.8% during the 4th 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. Finally, Sprott Inc. raised its position in Gold Royalty by 227.5% in the 4th quarter. Sprott Inc. now owns 363,841 shares of the company's stock worth $440,000 after purchasing an additional 252,735 shares during the period. Institutional investors own 33.75% of the company's stock.
Analyst Upgrades and Downgrades
Separately, HC Wainwright upped their price target on shares of Gold Royalty from $5.50 to $5.75 and gave the company a "buy" rating in a research report on Wednesday, February 5th.
View Our Latest Analysis on Gold Royalty
Gold Royalty Price Performance
Shares of Gold Royalty stock opened at $1.45 on Friday. The company's fifty day simple moving average is $1.45 and its two-hundred day simple moving average is $1.37. Gold Royalty Corp. has a 12-month low of $1.16 and a 12-month high of $2.08. The firm has a market cap of $247.18 million, a PE ratio of -11.15 and a beta of 0.79. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.09.
Gold Royalty Profile
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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.
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Want to see what other hedge funds are holding GROY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gold Royalty Corp. (NYSE:GROY - Free Report).
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