Gold Royalty (NYSEAMERICAN:GROY) Stock Price Down 1.9% – Should You Sell?

Gold Royalty Corp. (NYSEAMERICAN:GROY)’s share price was down 1.9% during trading on Wednesday . The stock traded as low as $2.54 and last traded at $2.60. 2,100,513 shares changed hands during mid-day trading, an increase of 18% from the average daily volume of 1,776,856 shares. The stock had previously closed at $2.65.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. HC Wainwright raised their target price on Gold Royalty from $6.75 to $7.75 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Canaccord Genuity Group raised Gold Royalty from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research report on Wednesday, April 29th. Finally, Zacks Research downgraded Gold Royalty from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Gold Royalty has a consensus rating of “Moderate Buy” and a consensus price target of $5.79.

Gold Royalty Price Performance

The firm’s 50-day moving average price is $3.07 and its 200-day moving average price is $3.76. The company has a market cap of $604.72 million, a P/E ratio of -15.41 and a beta of 0.92.

Gold Royalty (NYSEAMERICAN:GROY) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Gold Royalty had a negative net margin of 5.65% and a positive return on equity of 0.44%. The company had revenue of $9.36 million during the quarter, compared to the consensus estimate of $7.94 million. As a group, analysts forecast that Gold Royalty Corp. 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 the stock. NewEdge Advisors LLC bought a new stake in shares of Gold Royalty during the 1st quarter valued at $40,000. Groupe la Francaise grew its holdings in Gold Royalty by 88.9% during the 1st quarter. Groupe la Francaise now owns 1,700,000 shares of the company’s stock valued at $6,067,000 after buying an additional 800,000 shares in the last quarter. Amundi increased its position in shares of Gold Royalty by 20.0% during the first quarter. Amundi now owns 3,000,000 shares of the company’s stock valued at $10,740,000 after buying an additional 500,000 shares during the period. Royal Bank of Canada lifted its holdings in shares of Gold Royalty by 35.1% in the first quarter. Royal Bank of Canada now owns 117,564 shares of the company’s stock worth $421,000 after buying an additional 30,513 shares in the last quarter. Finally, Extract Advisors LLC purchased a new stake in shares of Gold Royalty in the first quarter worth about $4,827,000. 33.75% of the stock is owned by institutional investors.

Gold Royalty Company Profile

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.