Gold Royalty (NYSE:GROY) Price Target Raised to $5.75

Gold Royalty (NYSE:GROY) had its price objective hoisted by HC Wainwright from $5.50 to $5.75 in a research report report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock. HC Wainwright also issued estimates for Gold Royalty’s FY2024 earnings at $0.01 EPS and FY2025 earnings at $0.07 EPS.

Separately, Scotiabank lowered their price target on Gold Royalty from $2.50 to $2.25 and set a “sector outperform” rating on the stock in a report on Monday, November 25th.

Gold Royalty Trading Down 1.3 %

Gold Royalty stock opened at $1.47 on Wednesday. The company has a market capitalization of $248.53 million, a price-to-earnings ratio of -11.31 and a beta of 0.89. 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 has a 12 month low of $1.16 and a 12 month high of $2.21. The business’s fifty day simple moving average is $1.24 and its two-hundred day simple moving average is $1.31.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Verition Fund Management LLC bought a new position in Gold Royalty in the third quarter valued at about $32,000. SageView Advisory Group LLC bought a new position in Gold Royalty in the third quarter valued at about $34,000. Oxbow Advisors LLC bought a new position in Gold Royalty in the third quarter valued at about $49,000. Bayshore Asset Management LLC bought a new position in Gold Royalty in the third quarter valued at about $61,000. Finally, XTX Topco Ltd bought a new position in Gold Royalty in the third quarter valued at about $83,000. 33.75% of the stock is 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.