Verition Fund Management LLC purchased a new stake in Gold Royalty Corp. (NYSE:GROY – Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 23,200 shares of the company’s stock, valued at approximately $32,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Oxbow Advisors LLC bought a new position in Gold Royalty in the 3rd quarter valued at approximately $49,000. Bayshore Asset Management LLC acquired a new position in shares of Gold Royalty during the third quarter worth $61,000. AlphaQ Advisors LLC lifted its stake in shares of Gold Royalty by 62.2% in the 2nd 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. Regal Partners Ltd boosted its holdings in shares of Gold Royalty by 101.9% during the 2nd quarter. Regal Partners Ltd now owns 83,017 shares of the company’s stock valued at $120,000 after acquiring an additional 41,899 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. bought a new stake in Gold Royalty during the 3rd quarter worth $132,000. 33.75% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the company. HC Wainwright dropped their target price 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. Scotiabank lowered their price objective on Gold Royalty from $2.50 to $2.25 and set a “sector outperform” rating for the company in a research note on Monday, November 25th.
Gold Royalty Price Performance
Shares of Gold Royalty stock opened at $1.24 on Wednesday. The company has a market capitalization of $208.80 million, a PE ratio of -9.50 and a beta of 0.87. Gold Royalty Corp. has a twelve month low of $1.17 and a twelve month high of $2.21. The business has a fifty day simple moving average of $1.36. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.09.
Gold Royalty (NYSE:GROY – Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $2.06 million for the quarter. Gold Royalty had a positive return on equity of 0.46% and a negative net margin of 252.16%. As a group, equities analysts anticipate that Gold Royalty Corp. will post -0.01 earnings per share 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.
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