Bank of Montreal Can Increases Holdings in Gold Royalty Corp. (NYSE:GROY)

Bank of Montreal Can lifted its stake in Gold Royalty Corp. (NYSE:GROY - Free Report) by 27.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,112,732 shares of the company's stock after buying an additional 668,784 shares during the quarter. Bank of Montreal Can owned approximately 1.84% of Gold Royalty worth $4,296,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. AlphaQ Advisors LLC raised its holdings in shares of Gold Royalty by 62.2% during the second quarter. AlphaQ Advisors LLC now owns 84,260 shares of the company's stock valued at $119,000 after acquiring an additional 32,315 shares during the last quarter. Oxbow Advisors LLC acquired a new position in shares of Gold Royalty during the third quarter valued at approximately $49,000. Regal Partners Ltd increased its holdings in shares of Gold Royalty by 101.9% in the second quarter. Regal Partners Ltd now owns 83,017 shares of the company's stock valued at $120,000 after purchasing an additional 41,899 shares during the last quarter. Bayshore Asset Management LLC acquired a new stake in shares of Gold Royalty in the third quarter valued at approximately $61,000. Finally, Van ECK Associates Corp increased its holdings in shares of Gold Royalty by 1.4% in the third quarter. Van ECK Associates Corp now owns 6,753,002 shares of the company's stock valued at $10,062,000 after purchasing an additional 90,323 shares during the last quarter. Hedge funds and other institutional investors own 33.75% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on GROY. Scotiabank cut their price target on Gold Royalty from $2.50 to $2.25 and set a "sector outperform" rating for the company in a report on Monday, November 25th. HC Wainwright lowered their price objective on Gold Royalty from $5.75 to $5.50 and set a "buy" rating for the company in a research report on Tuesday, November 5th.

Gold Royalty Trading Down 0.4 %

Gold Royalty stock traded down $0.01 during mid-day trading on Wednesday, hitting $1.27. The company's stock had a trading volume of 524,842 shares, compared to its average volume of 912,156. Gold Royalty Corp. has a 1 year low of $1.17 and a 1 year high of $2.21. The business has a fifty day moving average price of $1.38. The firm has a market cap of $213.87 million, a price-to-earnings ratio of -9.73 and a beta of 0.87. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.09.

Gold Royalty (NYSE:GROY - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $2.06 million during the quarter. On average, equities analysts expect that Gold Royalty Corp. will post -0.01 EPS for the current fiscal year.

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.