Oxbow Advisors LLC Buys Shares of 35,825 Gold Royalty Corp. (NYSE:GROY)

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bayshore Asset Management LLC acquired a new stake in Gold Royalty during the third quarter worth about $61,000. Regal Partners Ltd grew its position in Gold Royalty by 101.9% during the second quarter. Regal Partners Ltd now owns 83,017 shares of the company’s stock worth $120,000 after buying an additional 41,899 shares in the last quarter. AlphaQ Advisors LLC grew its position in 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 buying an additional 32,315 shares in the last quarter. DiNuzzo Private Wealth Inc. acquired a new stake in Gold Royalty during the third quarter worth about $132,000. Finally, Marshall Wace LLP acquired a new stake in Gold Royalty during the second quarter worth about $148,000. 33.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Gold Royalty Price Performance

GROY stock opened at $1.42 on Friday. The stock has a 50 day moving average 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 fifty-two week low of $1.17 and a fifty-two week high of $2.21. The company has a quick ratio of 1.69, a current ratio of 1.63 and a debt-to-equity ratio of 0.09.

Gold Royalty (NYSE:GROY) last issued its earnings results on Monday, November 4th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. The company had revenue of $2.06 million during the quarter. Gold Royalty had a negative net margin of 252.16% and a positive return on equity of 0.46%. As a group, equities analysts expect that Gold Royalty Corp. will post -0.02 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.