Van ECK Associates Corp Acquires 90,323 Shares of Gold Royalty Corp. (NYSE:GROY)

Van ECK Associates Corp increased its stake in Gold Royalty Corp. (NYSE:GROY) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,753,002 shares of the company’s stock after acquiring an additional 90,323 shares during the quarter. Van ECK Associates Corp owned 3.99% of Gold Royalty worth $10,062,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Bayshore Asset Management LLC acquired a new stake in Gold Royalty in the third quarter valued at approximately $61,000. AlphaQ Advisors LLC grew its position in Gold Royalty by 62.2% in the 2nd quarter. AlphaQ Advisors LLC now owns 84,260 shares of the company’s stock valued at $119,000 after purchasing an additional 32,315 shares during the period. Regal Partners Ltd increased its stake in Gold Royalty by 101.9% during the 2nd quarter. Regal Partners Ltd now owns 83,017 shares of the company’s stock valued at $120,000 after purchasing an additional 41,899 shares in the last quarter. DiNuzzo Private Wealth Inc. acquired a new position in Gold Royalty during the third quarter worth $132,000. Finally, Marshall Wace LLP bought a new position in shares of Gold Royalty in the second quarter valued at $148,000. Institutional investors and hedge funds own 33.75% of the company’s stock.

Analysts Set New Price Targets

Separately, HC Wainwright decreased their target price on shares of Gold Royalty from $5.75 to $5.50 and set a “buy” rating for the company in a research report on Tuesday.

Gold Royalty Stock Performance

Shares of NYSE:GROY opened at $1.37 on Thursday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.09. The company’s fifty day moving average is $1.37. Gold Royalty Corp. has a 1-year low of $1.17 and a 1-year high of $2.21.

Gold Royalty (NYSE:GROY) last released its quarterly earnings results on Monday, November 4th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. Gold Royalty had a negative net margin of 381.76% and a negative return on equity of 0.53%. The company had revenue of $2.06 million for the quarter. As a group, research analysts expect that Gold Royalty Corp. will post -0.03 earnings per share for the current fiscal year.

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.