Gold Royalty (NYSE:GROY) Price Target Raised to $5.75 at HC Wainwright

Gold Royalty (NYSE:GROY) had its price objective hoisted by HC Wainwright from $5.50 to $5.75 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Separately, Scotiabank cut their price objective on 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.

Gold Royalty Trading Up 10.4 %

Shares of GROY stock opened at $1.49 on Wednesday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $251.91 million, a P/E ratio of -11.46 and a beta of 0.89. Gold Royalty has a 12-month low of $1.16 and a 12-month high of $2.21. The firm has a 50-day moving average price of $1.24 and a 200 day moving average price of $1.31.

Gold Royalty (NYSE:GROY) last posted 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. The company had revenue of $2.06 million during the quarter. Gold Royalty had a negative net margin of 252.16% and a positive return on equity of 0.46%. Research analysts forecast that Gold Royalty will post -0.01 earnings per share for the current fiscal year.

Institutional Trading of Gold Royalty

Several hedge funds have recently modified their holdings of the stock. Verition Fund Management LLC bought a new position in Gold Royalty in the 3rd quarter worth approximately $32,000. SageView Advisory Group LLC acquired a new stake in shares of Gold Royalty in the 3rd quarter valued at $34,000. Oxbow Advisors LLC acquired a new stake in shares of Gold Royalty in the 3rd quarter valued at $49,000. Bayshore Asset Management LLC bought a new stake in shares of Gold Royalty during the third quarter worth $61,000. Finally, Regal Partners Ltd lifted its stake in shares of Gold Royalty by 69.0% during the third quarter. Regal Partners Ltd now owns 140,268 shares of the company’s stock valued at $191,000 after acquiring an additional 57,251 shares during the period. 33.75% of the stock is owned by institutional investors.

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.