DiNuzzo Private Wealth Inc. Makes New $132,000 Investment in Gold Royalty Corp. (NYSE:GROY)

DiNuzzo Private Wealth Inc. purchased a new stake in Gold Royalty Corp. (NYSE:GROY) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 97,300 shares of the company’s stock, valued at approximately $132,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GROY. AlphaQ Advisors LLC boosted its position in Gold Royalty by 62.2% during the second quarter. AlphaQ Advisors LLC now owns 84,260 shares of the company’s stock worth $119,000 after purchasing an additional 32,315 shares in the last quarter. Regal Partners Ltd raised its stake 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 worth $120,000 after buying an additional 41,899 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Gold Royalty in the 2nd quarter worth about $148,000. Ghisallo Capital Management LLC acquired a new stake in Gold Royalty in the 2nd quarter valued at about $705,000. Finally, Van ECK Associates Corp increased its holdings in Gold Royalty by 11.9% during the 2nd quarter. Van ECK Associates Corp now owns 6,662,679 shares of the company’s stock valued at $9,394,000 after acquiring an additional 709,002 shares in the last quarter. Institutional investors and hedge funds own 33.75% of the company’s stock.

Gold Royalty Price Performance

NYSE GROY opened at $1.41 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.69 and a current ratio of 1.69. Gold Royalty Corp. has a fifty-two week low of $1.17 and a fifty-two week high of $2.21. The business has a fifty day moving average of $1.33. The firm has a market capitalization of $238.39 million, a PE ratio of -8.29 and a beta of 0.97.

Gold Royalty (NYSE:GROY) last released its earnings results on Tuesday, August 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $1.79 million for the quarter. Gold Royalty had a negative net margin of 381.76% and a negative return on equity of 0.53%. As a group, analysts anticipate that Gold Royalty Corp. will post -0.03 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $5.75 price target on shares of Gold Royalty in a report on Thursday, August 15th.

Gold Royalty Company Profile

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.