Gold Royalty Corp. (NYSEAMERICAN:GROY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Gold Royalty Corp. (NYSEAMERICAN:GROY) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $5.6429.

GROY has been the subject of several recent research reports. HC Wainwright decreased their price target on Gold Royalty from $7.75 to $7.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Scotiabank decreased their price target on shares of Gold Royalty from $6.00 to $5.75 and set an “outperform” rating for the company in a research note on Tuesday, July 14th.

Gold Royalty Trading Down 2.3%

NYSEAMERICAN GROY opened at $3.35 on Monday. Gold Royalty has a 1-year low of $2.45 and a 1-year high of $5.45. The company has a 50 day moving average of $2.92 and a 200-day moving average of $3.33. The company has a market cap of $773.21 million, a price-to-earnings ratio of 335.34 and a beta of 0.99.

Gold Royalty (NYSEAMERICAN:GROY) last posted its earnings results on Wednesday, August 5th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $7.93 million during the quarter, compared to analysts’ expectations of $8.34 million. Gold Royalty had a net margin of 6.65% and a return on equity of 0.68%. On average, equities research analysts forecast that Gold Royalty will post 0.05 earnings per share for the current year.

Hedge Funds Weigh In On Gold Royalty

A number of large investors have recently made changes to their positions in GROY. Groupe la Francaise raised its stake in shares of Gold Royalty by 5.9% during the 2nd quarter. Groupe la Francaise now owns 1,800,000 shares of the company’s stock valued at $4,972,000 after purchasing an additional 100,000 shares during the period. AXQ Capital LP purchased a new stake in Gold Royalty during the second quarter valued at about $29,000. NINE MASTS CAPITAL Ltd purchased a new stake in Gold Royalty during the second quarter valued at about $77,000. Prospect Financial Group LLC purchased a new stake in shares of Gold Royalty during the second quarter valued at approximately $43,000. Finally, NewEdge Advisors LLC bought a new position in shares of Gold Royalty in the first quarter worth approximately $40,000. 33.75% of the stock is owned by institutional investors.

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.