Renaissance Technologies LLC Sells 192,100 Shares of Gold Royalty Corp. (NYSE:GROY)

Renaissance Technologies LLC reduced its holdings in Gold Royalty Corp. (NYSE:GROY - Free Report) by 21.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 709,900 shares of the company's stock after selling 192,100 shares during the quarter. Renaissance Technologies LLC owned about 0.42% of Gold Royalty worth $859,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GROY. Commonwealth Equity Services LLC boosted its position 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 buying an additional 21,717 shares during the last quarter. Sprott Inc. boosted its holdings in Gold Royalty by 227.5% during the 4th quarter. Sprott Inc. now owns 363,841 shares of the company's stock worth $440,000 after acquiring an additional 252,735 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Gold Royalty by 15.4% in the 4th 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. 33.75% of the stock is owned by institutional investors and hedge funds.

Gold Royalty Trading Down 1.3 %

Shares of NYSE:GROY traded down $0.02 during trading on Wednesday, reaching $1.55. 1,224,429 shares of the company traded hands, compared to its average volume of 1,142,136. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.09. Gold Royalty Corp. has a 52-week low of $1.16 and a 52-week high of $2.08. The business's fifty day moving average is $1.47 and its 200-day moving average is $1.37. The firm has a market capitalization of $264.23 million, a price-to-earnings ratio of -11.92 and a beta of 0.78.

Analysts Set New Price Targets

Separately, HC Wainwright increased their price target on Gold Royalty from $5.50 to $5.75 and gave the company a "buy" rating in a research report on Wednesday, February 5th.

Gold Royalty 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.