Bank of Montreal Can Purchases 478,665 Shares of Gold Royalty Corp. (NYSE:GROY)

Bank of Montreal Can grew its holdings in Gold Royalty Corp. (NYSE:GROY - Free Report) by 15.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,591,397 shares of the company's stock after purchasing an additional 478,665 shares during the period. Bank of Montreal Can owned approximately 2.12% of Gold Royalty worth $4,346,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sprott Inc. boosted its holdings in shares of Gold Royalty by 227.5% during the 4th quarter. Sprott Inc. now owns 363,841 shares of the company's stock valued at $440,000 after acquiring an additional 252,735 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Gold Royalty during the third quarter valued at about $83,000. Verition Fund Management LLC bought a new stake in shares of Gold Royalty during the third quarter worth about $32,000. Finally, Commonwealth Equity Services LLC increased its stake in shares of Gold Royalty by 20.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 125,910 shares of the company's stock valued at $152,000 after buying an additional 21,717 shares during the period. Institutional investors own 33.75% of the company's stock.

Gold Royalty Trading Down 3.0 %

NYSE GROY traded down $0.05 during mid-day trading on Friday, reaching $1.63. 1,163,655 shares of the stock were exchanged, compared to its average volume of 1,088,307. Gold Royalty Corp. has a one year low of $1.16 and a one year high of $2.21. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market cap of $277.87 million, a P/E ratio of -12.54 and a beta of 0.79. The stock has a 50 day simple moving average of $1.44 and a 200-day simple moving average of $1.36.

Analyst Ratings Changes

Separately, HC Wainwright lifted their price target on shares of Gold Royalty from $5.50 to $5.75 and gave the stock a "buy" rating in a report on Wednesday, February 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.