Oxbow Advisors LLC Takes $49,000 Position in Gold Royalty Corp. (NYSE:GROY)

Oxbow Advisors LLC purchased a new stake in Gold Royalty Corp. (NYSE:GROY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 35,825 shares of the company’s stock, valued at approximately $49,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaQ Advisors LLC boosted its stake in Gold Royalty by 62.2% in the 2nd quarter. AlphaQ Advisors LLC now owns 84,260 shares of the company’s stock worth $119,000 after purchasing an additional 32,315 shares during the period. Van ECK Associates Corp boosted its stake in Gold Royalty by 11.9% in the 2nd 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 period. Regal Partners Ltd boosted its stake in Gold Royalty by 101.9% in the 2nd quarter. Regal Partners Ltd now owns 83,017 shares of the company’s stock worth $120,000 after purchasing an additional 41,899 shares during the period. Renaissance Technologies LLC acquired a new position in Gold Royalty in the 2nd quarter worth $1,345,000. Finally, Marshall Wace LLP acquired a new position in Gold Royalty in the 2nd quarter worth $148,000. Institutional investors and hedge funds own 33.75% of the company’s stock.

Gold Royalty Stock Performance

Shares of GROY stock opened at $1.42 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.69 and a current ratio of 1.63. The firm has a 50-day moving average price of $1.37. The company has a market cap of $240.08 million, a PE ratio of -10.92 and a beta of 0.94. Gold Royalty Corp. has a 52-week low of $1.17 and a 52-week high of $2.21.

Gold Royalty (NYSE:GROY) last issued 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 for the quarter. Gold Royalty had a negative net margin of 252.16% and a positive return on equity of 0.46%. Sell-side analysts predict that Gold Royalty Corp. will post -0.02 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, HC Wainwright cut their price target on shares of Gold Royalty from $5.75 to $5.50 and set a “buy” rating on the stock in a research report on Tuesday, November 5th.

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.