Gold Royalty Corp. (NYSE:GROY - Get Free Report) shares traded down 12.4% on Thursday . The stock traded as low as $1.28 and last traded at $1.34. 6,778,126 shares changed hands during trading, an increase of 578% from the average session volume of 1,000,317 shares. The stock had previously closed at $1.53.
Analyst Ratings Changes
GROY has been the topic of several recent analyst reports. Scotiabank cut their target price 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. HC Wainwright upped their target price on shares of Gold Royalty from $5.50 to $5.75 and gave the company a "buy" rating in a research note on Wednesday, February 5th.
View Our Latest Research Report on GROY
Gold Royalty Stock Up 2.9 %
The company's 50-day moving average price is $1.37 and its 200 day moving average price is $1.33. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a market cap of $238.39 million, a PE ratio of -10.85 and a beta of 0.87.
Institutional Trading of Gold Royalty
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Total Wealth Planning & Management Inc. bought a new stake in shares of Gold Royalty during the 4th quarter valued at $31,000. Verition Fund Management LLC purchased a new position in Gold Royalty during the third quarter valued at $32,000. SageView Advisory Group LLC bought a new stake in Gold Royalty during the third quarter valued at about $34,000. Cubist Systematic Strategies LLC purchased a new stake in Gold Royalty in the fourth quarter worth about $46,000. Finally, Two Sigma Securities LLC bought a new position in shares of Gold Royalty in the fourth quarter worth about $51,000. 33.75% of the stock is owned by hedge funds and other institutional investors.
Gold Royalty Company Profile
(
Get Free Report)
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.
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