Renaissance Technologies LLC Makes New $1.35 Million Investment in Gold Royalty Corp. (NYSE:GROY)

Renaissance Technologies LLC bought a new stake in Gold Royalty Corp. (NYSE:GROY) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 953,900 shares of the company’s stock, valued at approximately $1,345,000. Renaissance Technologies LLC owned approximately 0.56% of Gold Royalty as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the business. AlphaQ Advisors LLC increased its position in Gold Royalty by 62.2% in the 2nd quarter. AlphaQ Advisors LLC now owns 84,260 shares of the company’s stock valued at $119,000 after acquiring an additional 32,315 shares in the last quarter. Regal Partners Ltd increased its holdings in shares of Gold Royalty by 101.9% in the second quarter. Regal Partners Ltd now owns 83,017 shares of the company’s stock valued at $120,000 after purchasing an additional 41,899 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in Gold Royalty by 11.9% in the 2nd quarter. Van ECK Associates Corp now owns 6,662,679 shares of the company’s stock worth $9,394,000 after purchasing an additional 709,002 shares during the last quarter. 33.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Gold Royalty Trading Up 1.5 %

Gold Royalty stock opened at $1.37 on Friday. The firm has a market cap of $231.62 million, a P/E ratio of -8.06 and a beta of 0.97. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.09. Gold Royalty Corp. has a 1 year low of $1.17 and a 1 year high of $2.21. The company’s 50-day simple moving average is $1.32.

Gold Royalty (NYSE:GROY) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $1.79 million for the quarter. Gold Royalty had a negative net margin of 381.76% and a negative return on equity of 0.53%. Research analysts forecast that Gold Royalty Corp. will post -0.03 EPS for the current year.

Gold Royalty Company 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.