Gold Royalty Corp. (NYSEAMERICAN:GROY) Sees Large Decline in Short Interest

Gold Royalty Corp. (NYSEAMERICAN:GROY) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totalling 2,820,000 shares, a decline of 14.8% from the June 30th total of 3,310,000 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average daily volume of 1,180,000 shares, the short-interest ratio is presently 2.4 days.

Gold Royalty Stock Performance

GROY remained flat at $1.37 during trading on Monday. The company’s stock had a trading volume of 846,028 shares, compared to its average volume of 877,242. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.41 and a quick ratio of 1.41. Gold Royalty has a 12 month low of $1.18 and a 12 month high of $2.21. The stock has a market cap of $199.64 million, a price-to-earnings ratio of -8.06 and a beta of 1.02.

Gold Royalty (NYSEAMERICAN:GROY) last released its earnings results on Monday, May 13th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Gold Royalty had a negative return on equity of 0.68% and a negative net margin of 484.60%. The company had revenue of $2.89 million during the quarter. On average, sell-side analysts predict that Gold Royalty will post -0.03 EPS for the current year.

Institutional Trading of Gold Royalty

A number of institutional investors have recently bought and sold shares of GROY. Austin Wealth Management LLC purchased a new stake in shares of Gold Royalty in the fourth quarter valued at about $44,000. Peregrine Asset Advisers Inc. acquired a new position in shares of Gold Royalty during the 4th quarter worth approximately $59,000. Van ECK Associates Corp lifted its stake in Gold Royalty by 0.9% in the 1st quarter. Van ECK Associates Corp now owns 5,953,677 shares of the company’s stock valued at $11,193,000 after buying an additional 55,546 shares in the last quarter. Finally, GSA Capital Partners LLP grew its holdings in Gold Royalty by 70.9% during the 1st quarter. GSA Capital Partners LLP now owns 257,222 shares of the company’s stock valued at $484,000 after buying an additional 106,700 shares during the last quarter. 33.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GROY has been the topic of a number of analyst reports. Raymond James raised Gold Royalty from a “market perform” rating to an “outperform” rating and set a $2.75 price target on the stock in a research report on Monday, June 3rd. HC Wainwright reaffirmed a “buy” rating and issued a $5.75 target price on shares of Gold Royalty in a report on Wednesday, May 15th. Finally, BMO Capital Markets upgraded shares of Gold Royalty from a “market perform” rating to an “outperform” rating and set a $2.50 price target for the company in a report on Monday, June 3rd.

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.