Van ECK Associates Corp boosted its position in Gold Royalty Corp. (NYSE:GROY - Free Report) by 11.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,662,679 shares of the company's stock after buying an additional 709,002 shares during the quarter. Van ECK Associates Corp owned approximately 3.94% of Gold Royalty worth $9,394,000 at the end of the most recent quarter.
Separately, AlphaQ Advisors LLC grew its stake in Gold Royalty by 62.2% during the 2nd quarter. AlphaQ Advisors LLC now owns 84,260 shares of the company's stock worth $119,000 after buying an additional 32,315 shares during the last quarter. Hedge funds and other institutional investors own 33.75% of the company's stock.
Analysts Set New Price Targets
A number of research firms have issued reports on GROY. HC Wainwright reiterated a "buy" rating and issued a $5.75 target price on shares of Gold Royalty in a research note on Thursday, August 15th. BMO Capital Markets raised shares of Gold Royalty from a "market perform" rating to an "outperform" rating and set a $2.50 target price for the company in a research note on Monday, June 3rd. Finally, Raymond James upgraded shares of Gold Royalty from a "hold" rating to a "moderate buy" rating and set a $2.75 price target on the stock in a research note on Monday, June 3rd.
Get Our Latest Analysis on GROY
Gold Royalty Price Performance
Shares of GROY traded down $0.04 during trading hours on Tuesday, reaching $1.27. 851,288 shares of the company's stock traded hands, compared to its average volume of 879,872. The company has a market cap of $214.72 million, a price-to-earnings ratio of -7.47 and a beta of 0.97. The stock has a fifty day simple moving average of $1.38. Gold Royalty Corp. has a twelve month low of $1.18 and a twelve month high of $2.21. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.69 and a quick ratio of 1.69.
Gold Royalty (NYSE:GROY - Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.01) EPS for the quarter, hitting analysts' consensus estimates of ($0.01). Gold Royalty had a negative net margin of 381.76% and a negative return on equity of 0.53%. The company had revenue of $1.79 million for the quarter. On average, equities research analysts expect that Gold Royalty Corp. will post -0.03 EPS for the current year.
About Gold Royalty
(
Free Report)
Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Gold Royalty Corp. is based in VANCOUVER, BC.
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