Gold Royalty (NYSE:GROY - Get Free Report) had its price target boosted by research analysts at HC Wainwright from $5.50 to $5.75 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. HC Wainwright's target price points to a potential upside of 291.16% from the stock's current price. HC Wainwright also issued estimates for Gold Royalty's FY2024 earnings at $0.01 EPS and FY2025 earnings at $0.07 EPS.
Separately, Scotiabank reduced their price objective on shares of Gold Royalty from $2.50 to $2.25 and set a "sector outperform" rating for the company in a research report on Monday, November 25th.
Get Our Latest Stock Report on Gold Royalty
Gold Royalty Trading Down 1.3 %
Shares of GROY stock traded down $0.02 during mid-day trading on Wednesday, hitting $1.47. The company's stock had a trading volume of 1,077,748 shares, compared to its average volume of 865,184. The company has a market cap of $248.53 million, a PE ratio of -11.31 and a beta of 0.89. The company's fifty day simple moving average is $1.25 and its 200-day simple moving average is $1.31. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.63 and a current ratio of 1.63. Gold Royalty has a 52 week low of $1.16 and a 52 week high of $2.21.
Hedge Funds Weigh In On Gold Royalty
A number of institutional investors have recently modified their holdings of GROY. Verition Fund Management LLC bought a new position in shares of Gold Royalty in the third quarter valued at approximately $32,000. SageView Advisory Group LLC bought a new position in Gold Royalty during the 3rd quarter valued at $34,000. Oxbow Advisors LLC purchased a new position in Gold Royalty during the 3rd quarter worth $49,000. Bayshore Asset Management LLC purchased a new position in Gold Royalty during the 3rd quarter worth $61,000. Finally, Regal Partners Ltd grew its stake in shares of Gold Royalty by 69.0% in the 3rd quarter. Regal Partners Ltd now owns 140,268 shares of the company's stock worth $191,000 after acquiring an additional 57,251 shares in the last quarter. 33.75% of the stock is owned by institutional investors and hedge funds.
Gold Royalty Company Profile
(
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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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