Gold Royalty Corp. (NYSE:GROY) Stock Holdings Reduced by Van ECK Associates Corp

Van ECK Associates Corp lowered its position in Gold Royalty Corp. (NYSE:GROY) by 7.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,271,645 shares of the company’s stock after selling 481,357 shares during the quarter. Van ECK Associates Corp owned approximately 3.71% of Gold Royalty worth $7,589,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in GROY. Bank of Montreal Can raised its holdings in Gold Royalty by 27.4% in the 3rd quarter. Bank of Montreal Can now owns 3,112,732 shares of the company’s stock valued at $4,296,000 after acquiring an additional 668,784 shares in the last quarter. GSA Capital Partners LLP boosted its position in Gold Royalty by 39.2% in the 3rd quarter. GSA Capital Partners LLP now owns 779,331 shares of the company’s stock valued at $1,060,000 after buying an additional 219,351 shares during the last quarter. Regal Partners Ltd boosted its position in Gold Royalty by 69.0% in the 3rd quarter. Regal Partners Ltd now owns 140,268 shares of the company’s stock valued at $191,000 after buying an additional 57,251 shares during the last quarter. XTX Topco Ltd bought a new position in Gold Royalty in the 3rd quarter valued at $83,000. Finally, Bayshore Asset Management LLC bought a new position in Gold Royalty in the 3rd quarter valued at $61,000. Institutional investors own 33.75% of the company’s stock.

Gold Royalty Stock Down 4.8 %

NYSE GROY opened at $1.40 on Tuesday. The business has a fifty day moving average price of $1.27 and a two-hundred day moving average price of $1.32. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.63 and a quick ratio of 1.63. Gold Royalty Corp. has a fifty-two week low of $1.16 and a fifty-two week high of $2.21. The stock has a market capitalization of $236.70 million, a PE ratio of -10.77 and a beta of 0.89.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GROY shares. HC Wainwright raised their price target on Gold Royalty from $5.50 to $5.75 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Scotiabank dropped their price target on 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.

About Gold Royalty

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.