Gold Royalty (NYSE:GROY – Free Report) had its price objective lifted by HC Wainwright from $5.50 to $5.75 in a report issued on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock. HC Wainwright also issued estimates for Gold Royalty’s FY2024 earnings at $0.01 EPS and FY2025 earnings at $0.07 EPS.
Separately, Scotiabank reduced their price target on Gold Royalty from $2.50 to $2.25 and set a “sector outperform” rating for the company in a research report on Monday, November 25th.
Read Our Latest Stock Report on GROY
Gold Royalty Stock Performance
Institutional Trading of Gold Royalty
Institutional investors have recently made changes to their positions in the business. Verition Fund Management LLC purchased a new stake in shares of Gold Royalty during the third quarter worth about $32,000. SageView Advisory Group LLC bought a new position in Gold Royalty during the third quarter valued at approximately $34,000. Oxbow Advisors LLC bought a new position in Gold Royalty during the third quarter valued at approximately $49,000. Bayshore Asset Management LLC bought a new position in Gold Royalty during the third quarter valued at approximately $61,000. Finally, XTX Topco Ltd bought a new position in Gold Royalty during the third quarter valued at approximately $83,000. Hedge funds and other 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.
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