Renaissance Technologies LLC Makes New Investment in Gold Royalty Corp. (NYSE:GROY)

Renaissance Technologies LLC purchased a new position in Gold Royalty Corp. (NYSE:GROY) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 953,900 shares of the company’s stock, valued at approximately $1,345,000.

Other hedge funds also recently modified their holdings of the company. AlphaQ Advisors LLC increased its position in shares of Gold Royalty by 62.2% during the second quarter. AlphaQ Advisors LLC now owns 84,260 shares of the company’s stock worth $119,000 after acquiring an additional 32,315 shares in the last quarter. 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. Finally, Regal Partners Ltd increased its holdings in Gold Royalty by 101.9% during 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 in the last quarter. Institutional investors and hedge funds own 33.75% of the company’s stock.

Wall Street Analyst Weigh In

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

Gold Royalty Stock Up 1.5 %

Shares of GROY stock opened at $1.37 on Friday. Gold Royalty Corp. has a 12 month low of $1.17 and a 12 month high of $2.21. The stock has a fifty day simple moving average of $1.32. The company has a market capitalization of $231.62 million, a price-to-earnings ratio of -8.06 and a beta of 0.97. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.69 and a current ratio of 1.69.

Gold Royalty (NYSE:GROY) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The firm had revenue of $1.79 million for the quarter. Gold Royalty had a negative net margin of 381.76% and a negative return on equity of 0.53%. On average, equities analysts predict that Gold Royalty Corp. will post -0.03 earnings per share for the current fiscal 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.