Verition Fund Management LLC Invests $32,000 in Gold Royalty Corp. (NYSE:GROY)

Verition Fund Management LLC acquired a new stake in shares of Gold Royalty Corp. (NYSE:GROY) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 23,200 shares of the company’s stock, valued at approximately $32,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Oxbow Advisors LLC acquired a new stake in Gold Royalty in the 3rd quarter valued at approximately $49,000. Bayshore Asset Management LLC bought a new stake in Gold Royalty during the third quarter worth $61,000. AlphaQ Advisors LLC lifted its stake in Gold Royalty by 62.2% in the second 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 during the last quarter. Regal Partners Ltd increased its stake in shares of Gold Royalty by 101.9% during the 2nd 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 last quarter. Finally, DiNuzzo Private Wealth Inc. bought a new stake in shares of Gold Royalty in the 3rd quarter valued at about $132,000. Institutional investors own 33.75% of the company’s stock.

Gold Royalty Price Performance

GROY stock opened at $1.24 on Wednesday. Gold Royalty Corp. has a 52 week low of $1.17 and a 52 week high of $2.21. The company has a 50-day moving average of $1.36. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a market capitalization of $208.80 million, a P/E ratio of -9.50 and a beta of 0.87.

Gold Royalty (NYSE:GROY) last issued its earnings results on Monday, November 4th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. The company had revenue of $2.06 million during the quarter. Gold Royalty had a negative net margin of 252.16% and a positive return on equity of 0.46%. On average, analysts anticipate that Gold Royalty Corp. will post -0.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on GROY shares. Scotiabank reduced their target price on Gold Royalty from $2.50 to $2.25 and set a “sector outperform” rating for the company in a research note on Monday, November 25th. HC Wainwright reduced their price objective on Gold Royalty from $5.75 to $5.50 and set a “buy” rating for the company in a report on Tuesday, November 5th.

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.