Ghisallo Capital Management LLC Makes New $705,000 Investment in Gold Royalty Corp. (NYSE:GROY)

Ghisallo Capital Management LLC bought a new stake in Gold Royalty Corp. (NYSE:GROY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 500,000 shares of the company’s stock, valued at approximately $705,000. Ghisallo Capital Management LLC owned about 0.30% of Gold Royalty at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. AlphaQ Advisors LLC raised its stake in Gold Royalty by 62.2% during the 2nd quarter. AlphaQ Advisors LLC now owns 84,260 shares of the company’s stock worth $119,000 after buying an additional 32,315 shares during the period. Regal Partners Ltd raised its position in shares of Gold Royalty by 101.9% during the second quarter. Regal Partners Ltd now owns 83,017 shares of the company’s stock worth $120,000 after purchasing an additional 41,899 shares during the period. Marshall Wace LLP bought a new position in shares of Gold Royalty during the 2nd quarter valued at about $148,000. Renaissance Technologies LLC acquired a new position in shares of Gold Royalty in the 2nd quarter valued at approximately $1,345,000. Finally, Van ECK Associates Corp grew its position in shares of Gold Royalty by 11.9% in the 2nd quarter. Van ECK Associates Corp now owns 6,662,679 shares of the company’s stock valued at $9,394,000 after purchasing an additional 709,002 shares during the period. Institutional investors and hedge funds own 33.75% of the company’s stock.

Gold Royalty Price Performance

NYSE GROY opened at $1.36 on Wednesday. Gold Royalty Corp. has a 12-month low of $1.17 and a 12-month high of $2.21. The firm has a 50 day simple moving average of $1.32. The firm has a market capitalization of $229.93 million, a P/E ratio of -8.00 and a beta of 0.96. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.09.

Gold Royalty (NYSE:GROY) last released its earnings results on Tuesday, August 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $1.79 million for the quarter. Gold Royalty had a negative return on equity of 0.53% and a negative net margin of 381.76%. As a group, sell-side analysts expect that Gold Royalty Corp. will post -0.03 EPS for the current year.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $5.75 price target on shares of Gold Royalty in a research note on Thursday, August 15th.

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.