Gold Royalty Corp. (NYSE:GROY) Stake Lessened by Jane Street Group LLC

Jane Street Group LLC decreased its holdings in shares of Gold Royalty Corp. (NYSE:GROY) by 72.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,269 shares of the company’s stock after selling 50,413 shares during the quarter. Jane Street Group LLC’s holdings in Gold Royalty were worth $26,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of GROY. Renaissance Technologies LLC purchased a new position in Gold Royalty during the second quarter valued at approximately $1,345,000. Marshall Wace LLP acquired a new stake in shares of Gold Royalty during the 2nd quarter valued at $148,000. Ghisallo Capital Management LLC acquired a new stake in shares of Gold Royalty during the 2nd quarter valued at $705,000. DiNuzzo Private Wealth Inc. purchased a new position in shares of Gold Royalty during the 3rd quarter valued at $132,000. Finally, Bayshore Asset Management LLC acquired a new position in shares of Gold Royalty in the third quarter worth $61,000. 33.75% of the stock is owned by institutional investors and hedge funds.

Gold Royalty Stock Down 3.2 %

Gold Royalty stock opened at $1.20 on Friday. The company has a market capitalization of $202.88 million, a P/E ratio of -9.23 and a beta of 0.88. Gold Royalty Corp. has a 1-year low of $1.16 and a 1-year high of $2.21. The firm’s fifty day simple moving average is $1.25 and its 200-day simple moving average is $1.33. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.09.

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

Analyst Ratings Changes

A number of analysts recently issued reports on GROY shares. Scotiabank reduced their price objective on Gold Royalty from $2.50 to $2.25 and set a “sector outperform” rating for the company in a research report on Monday, November 25th. HC Wainwright reduced their price target 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 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.