Gold Royalty (NYSE:GROY) Trading Down 12.4% – Should You Sell?

Gold Royalty Corp. (NYSE:GROY)’s stock price fell 12.4% during mid-day trading on Thursday . The stock traded as low as $1.28 and last traded at $1.34. 6,778,126 shares were traded during trading, an increase of 578% from the average session volume of 1,000,317 shares. The stock had previously closed at $1.53.

Analyst Ratings Changes

Several brokerages have issued reports on GROY. Scotiabank cut their target price on shares of Gold Royalty from $2.50 to $2.25 and set a “sector outperform” rating on the stock in a research note on Monday, November 25th. HC Wainwright upped their price target on shares of Gold Royalty from $5.50 to $5.75 and gave the stock a “buy” rating in a research note on Wednesday, February 5th.

Gold Royalty Price Performance

The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.09. The company’s 50-day simple moving average is $1.36 and its 200 day simple moving average is $1.33. The stock has a market capitalization of $226.56 million, a price-to-earnings ratio of -10.31 and a beta of 0.87.

Institutional Investors Weigh In On Gold Royalty

Hedge funds have recently bought and sold shares of the company. Verition Fund Management LLC bought a new stake in Gold Royalty during the third quarter valued at about $32,000. SageView Advisory Group LLC bought a new stake in Gold Royalty during the third quarter valued at about $34,000. Total Wealth Planning & Management Inc. bought a new stake in Gold Royalty during the fourth quarter valued at about $31,000. Cubist Systematic Strategies LLC bought a new stake in Gold Royalty during the fourth quarter valued at about $46,000. Finally, Two Sigma Securities LLC bought a new stake in shares of Gold Royalty in the fourth quarter valued at about $51,000. 33.75% of the stock is currently owned by institutional investors.

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.