Gold Royalty Corp. (NYSEAMERICAN:GROY) Stock Has Consensus Target Price of $5.38

Shares of Gold Royalty Corp. (NYSEAMERICAN:GROY) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $5.38.

A number of analysts have weighed in on GROY shares. HC Wainwright lowered their price target on Gold Royalty from $7.75 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. TD Securities started coverage on Gold Royalty in a research note on Thursday, October 8th. They set a “buy” rating and a $4.00 price objective for the company. Scotiabank cut their price objective on Gold Royalty from $6.00 to $5.75 and set an “outperform” rating for the company in a report on Tuesday, July 14th. Finally, TD set a $4.00 target price on shares of Gold Royalty and gave the company a “buy” rating in a research note on Thursday, October 8th.

Institutional Investors Weigh In On Gold Royalty

Hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC grew its holdings in Gold Royalty by 118.8% during the 1st quarter. Kestra Advisory Services LLC now owns 10,939 shares of the company’s stock worth $39,000 after acquiring an additional 5,939 shares during the last quarter. AXQ Capital LP acquired a new stake in Gold Royalty in the 2nd quarter valued at about $29,000. NewEdge Advisors LLC bought a new position in shares of Gold Royalty in the first quarter worth about $40,000. First Trust Advisors LP bought a new position in shares of Gold Royalty in the first quarter worth about $43,000. Finally, TD Waterhouse Canada Inc. raised its stake in shares of Gold Royalty by 147.0% in the third quarter. TD Waterhouse Canada Inc. now owns 20,380 shares of the company’s stock worth $61,000 after acquiring an additional 12,128 shares during the last quarter. Institutional investors and hedge funds own 33.75% of the company’s stock.

Gold Royalty Trading Up 0.4%

GROY stock opened at $2.84 on Tuesday. Gold Royalty has a 1-year low of $2.45 and a 1-year high of $5.45. The firm has a market cap of $655.50 million, a P/E ratio of 284.28 and a beta of 1.10. The business’s 50 day moving average is $3.17 and its 200-day moving average is $3.46.

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

Gold Royalty Company Profile

Gold Royalty Corp. is a precious-metals royalty and streaming company focused primarily on gold. Rather than operating mines directly, the company provides capital to mining companies in exchange for royalty interests, streams and other contractual rights tied to future production or revenue from mineral projects.

Gold Royalty’s portfolio includes interests in exploration, development and producing properties, with exposure concentrated in the Americas. Its assets span mining jurisdictions including Canada, the United States, Mexico and other countries in Latin America.