Bank of Montreal Can Purchases 668,784 Shares of Gold Royalty Corp. (NYSE:GROY)

Bank of Montreal Can raised its position in shares of Gold Royalty Corp. (NYSE:GROY) by 27.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,112,732 shares of the company’s stock after purchasing an additional 668,784 shares during the period. Bank of Montreal Can owned about 1.84% of Gold Royalty worth $4,296,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Renaissance Technologies LLC bought a new position in shares of Gold Royalty in the 2nd quarter worth $1,345,000. Van ECK Associates Corp grew its holdings in shares of Gold Royalty by 11.9% during the second quarter. Van ECK Associates Corp now owns 6,662,679 shares of the company’s stock valued at $9,394,000 after buying an additional 709,002 shares during the last quarter. Ghisallo Capital Management LLC acquired a new position in shares of Gold Royalty in the 2nd quarter valued at $705,000. GSA Capital Partners LLP raised its stake in Gold Royalty by 39.2% in the 3rd quarter. GSA Capital Partners LLP now owns 779,331 shares of the company’s stock worth $1,060,000 after acquiring an additional 219,351 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Gold Royalty during the 2nd quarter worth about $148,000. Hedge funds and other institutional investors own 33.75% of the company’s stock.

Gold Royalty Stock Down 0.4 %

Gold Royalty stock opened at $1.27 on Wednesday. The business’s 50-day moving average is $1.38. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a market capitalization of $213.87 million, a price-to-earnings ratio of -9.73 and a beta of 0.87. 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 quarterly earnings data on Monday, November 4th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. Gold Royalty had a negative net margin of 252.16% and a positive return on equity of 0.46%. The business had revenue of $2.06 million for the quarter. Equities analysts expect that Gold Royalty Corp. will post -0.01 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. HC Wainwright reduced their price objective on Gold Royalty from $5.75 to $5.50 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Scotiabank reduced their price target on shares of 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.

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.