Gold Royalty (NYSEAMERICAN:GROY) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Gold Royalty (NYSEAMERICAN:GROY) from a hold rating to a strong-buy rating in a report issued on Thursday morning,Zacks reports.

Other equities analysts have also recently issued research reports about the stock. Scotiabank reduced their price objective 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. TD Securities started coverage on shares of Gold Royalty in a research note on Thursday, October 8th. They issued a “buy” rating and a $4.00 target price on the stock. TD set a $4.00 target price on shares of Gold Royalty and gave the stock a “buy” rating in a research note on Thursday, October 8th. Finally, HC Wainwright cut their price target on shares of Gold Royalty from $7.75 to $7.00 and set a “buy” rating for the company in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $5.38.

Gold Royalty Trading Up 0.3%

Shares of NYSEAMERICAN GROY traded up $0.01 during mid-day trading on Thursday, hitting $3.12. The company had a trading volume of 2,061,754 shares, compared to its average volume of 1,261,287. Gold Royalty has a 1 year low of $2.45 and a 1 year high of $5.45. The company has a market capitalization of $720.13 million, a price-to-earnings ratio of 78.02 and a beta of 1.15. The stock’s 50-day moving average price is $3.08 and its 200-day moving average price is $3.37.

Gold Royalty (NYSEAMERICAN:GROY) last issued its earnings results on Wednesday, November 4th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. Gold Royalty had a return on equity of 0.68% and a net margin of 6.65%. The business had revenue of $10.25 million during the quarter, compared to the consensus estimate of $10.25 million. As a group, equities research analysts forecast that Gold Royalty will post 0.05 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. AXQ Capital LP purchased a new stake in Gold Royalty in the second quarter valued at approximately $29,000. Kestra Advisory Services LLC increased its holdings in shares of Gold Royalty by 118.8% in the 1st quarter. Kestra Advisory Services LLC now owns 10,939 shares of the company’s stock worth $39,000 after buying an additional 5,939 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of Gold Royalty in the 1st quarter worth $40,000. First Trust Advisors LP purchased a new stake in shares of Gold Royalty during the 1st quarter valued at $43,000. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of Gold Royalty during the 3rd quarter valued at $41,000. Hedge funds and other institutional investors own 33.75% of the company’s stock.

More Gold Royalty News

Here are the key news stories impacting Gold Royalty this week:

• Positive Sentiment: Gold Royalty reported record Q3 revenue of about $10.2 million, up 147% year over year, alongside sharply higher earnings and cash flow; an earnings-call summary also reported that EBITDA tripled. These growth trends could support investor confidence in the royalty company’s expanding asset base. Gold Royalty Q3 results
• Positive Sentiment: HC Wainwright raised its FY2026 EPS forecast to $0.05 from $0.04 and estimates $0.05 for FY2027. The firm maintained its Buy rating and $7 price target, reinforcing a bullish analyst view.
• Neutral Sentiment: Q3 EPS of $0.02 matched consensus expectations, as did revenue of approximately $10.25 million, so the quarter’s headline results were not an earnings or sales surprise.

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.