97,300 Shares in Gold Royalty Corp. (NYSE:GROY) Acquired by DiNuzzo Private Wealth Inc.

DiNuzzo Private Wealth Inc. purchased a new stake in Gold Royalty Corp. (NYSE:GROY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 97,300 shares of the company’s stock, valued at approximately $132,000. DiNuzzo Private Wealth Inc. owned about 0.06% of Gold Royalty as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GROY. Renaissance Technologies LLC purchased a new position in shares of Gold Royalty in the 2nd quarter valued at $1,345,000. Van ECK Associates Corp grew its holdings in shares of Gold Royalty by 11.9% during the second quarter. Van ECK Associates Corp now owns 6,662,679 shares of the company’s stock worth $9,394,000 after purchasing an additional 709,002 shares during the last quarter. Ghisallo Capital Management LLC acquired a new stake in shares of Gold Royalty during the second quarter worth about $705,000. Marshall Wace LLP purchased a new stake in shares of Gold Royalty in the 2nd quarter valued at about $148,000. Finally, Regal Partners Ltd boosted its position in shares of Gold Royalty by 101.9% in the 2nd quarter. Regal Partners Ltd now owns 83,017 shares of the company’s stock valued at $120,000 after purchasing an additional 41,899 shares during the period. Institutional investors and hedge funds own 33.75% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a “buy” rating and issued a $5.75 price objective on shares of Gold Royalty in a research note on Thursday, August 15th.

Gold Royalty Stock Performance

Shares of GROY opened at $1.41 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.09. Gold Royalty Corp. has a fifty-two week low of $1.17 and a fifty-two week high of $2.21. The business’s 50-day simple moving average is $1.33. The firm has a market capitalization of $238.39 million, a P/E ratio of -8.29 and a beta of 0.97.

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

Gold Royalty 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.