Why Should We Buy Gold Royalty Corp (GROY) Stock?

Gold Royalty Corp (AMEX:GROY) has a beta value of 0.88 and has seen 1.64 million shares traded in the recent trading session. The company, currently valued at $418.55M, closed the recent trade at $1890000.0 per share which meant it gained $1889997.7 on the day or 1635344% during that session. The GROY stock price is 100.0% off its 52-week high price of $2.35 and 100.0% above the 52-week low of $1.16. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.58 million shares traded. The 3-month trading volume is 1.89 million shares.

The consensus among analysts is that Gold Royalty Corp (GROY) is Buy stock at the moment, with a recommendation rating of 1.17. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight.

Gold Royalty Corp (AMEX:GROY) trade information

Over the past 30 days, the shares of Gold Royalty Corp (AMEX:GROY) have changed 37.92%. Short interest in the company has seen 5.8 million shares shorted with days to cover at 3.5.

Wall Street analysts have a consensus price target for the stock at $2.5, which means that the shares’ value could drop -75599900.0% from the levels at last check today.. The projected low price target is $2.5 while the price target rests at a high of $2.5. In that case, then, we find that the latest price level in today’s session is 100.0% off the targeted high while a plunge would see the stock lose 100.0% from the levels at last check today..

Gold Royalty Corp (GROY) estimates and forecasts

The company’s shares have gained 96.40% over the past 6 months.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -36.30% over the past 5 years.

GROY Dividends

Gold Royalty Corp is expected to release its next earnings report on 2025-May-07 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Gold Royalty Corp (AMEX:GROY)’s Major holders

Insiders own 19.99% of the company shares, while shares held by institutions stand at 14.41% with a share float percentage of 18.01%. Investors are also buoyed by the number of investors in a company, with Gold Royalty Corp having a total of 81.0 institutions that hold shares in the company. The top two institutional holders are VAN ECK ASSOCIATES CORP with over 6.66 million shares worth more than $9.39 million. As of 2024-06-30, VAN ECK ASSOCIATES CORP held 4.6035% of shares outstanding.

The other major institutional holder is ORION RESOURCE PARTNERS LP, with the holding of over 2.91 million shares as of 2024-06-30. The firm’s total holdings are worth over $4.1 million and represent 2.0086% of shares outstanding.

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