Gold Royalty (NYSE:GROY) Given New $5.75 Price Target at HC Wainwright

Gold Royalty (NYSE:GROY) had its price target lifted by HC Wainwright from $5.50 to $5.75 in a report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Separately, Scotiabank decreased their target price on Gold Royalty from $2.50 to $2.25 and set a “sector outperform” rating on the stock in a research report on Monday, November 25th.

Gold Royalty Trading Up 10.4 %

Shares of Gold Royalty stock opened at $1.49 on Wednesday. Gold Royalty has a 1 year low of $1.16 and a 1 year high of $2.21. The company’s fifty day simple moving average is $1.24 and its 200-day simple moving average is $1.31. The company has a market cap of $251.91 million, a price-to-earnings ratio of -11.46 and a beta of 0.89. 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) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.03. The company had revenue of $2.06 million for the quarter. Gold Royalty had a negative net margin of 252.16% and a positive return on equity of 0.46%. As a group, sell-side analysts expect that Gold Royalty will post -0.01 EPS for the current year.

Institutional Investors Weigh In On Gold Royalty

Several institutional investors and hedge funds have recently bought and sold shares of the business. Verition Fund Management LLC bought a new position in shares of Gold Royalty during the 3rd quarter worth about $32,000. SageView Advisory Group LLC acquired a new position in Gold Royalty in the third quarter worth about $34,000. Oxbow Advisors LLC bought a new position in Gold Royalty during the third quarter worth about $49,000. Bayshore Asset Management LLC acquired a new stake in Gold Royalty during the third quarter valued at approximately $61,000. Finally, XTX Topco Ltd bought a new stake in shares of Gold Royalty in the 3rd quarter valued at approximately $83,000. Institutional investors own 33.75% of the company’s stock.

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.