Gold Royalty Corp. (NYSEAMERICAN:GROY) Short Interest Update

Gold Royalty Corp. (NYSEAMERICAN:GROY) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 3,030,000 shares, a growth of 23.2% from the August 15th total of 2,460,000 shares. Approximately 2.2% of the shares of the company are sold short. Based on an average trading volume of 973,100 shares, the short-interest ratio is currently 3.1 days.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GROY. BMO Capital Markets upgraded Gold Royalty from a “market perform” rating to an “outperform” rating and set a $2.50 price objective for the company in a research report on Monday, June 3rd. Raymond James upgraded shares of Gold Royalty from a “market perform” rating to an “outperform” rating and set a $2.75 price target for the company in a report on Monday, June 3rd.

Gold Royalty Price Performance

Shares of GROY opened at $1.32 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market cap of $192.35 million, a PE ratio of -7.76 and a beta of 1.02. Gold Royalty has a 1 year low of $1.17 and a 1 year high of $2.21.

Gold Royalty (NYSEAMERICAN:GROY) last released its earnings results on Tuesday, August 13th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). Gold Royalty had a negative net margin of 484.60% and a negative return on equity of 0.68%. The business had revenue of $1.79 million during the quarter. Analysts expect that Gold Royalty will post -0.03 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Austin Wealth Management LLC acquired a new position in Gold Royalty in the fourth quarter worth $44,000. Van ECK Associates Corp lifted its holdings in Gold Royalty by 0.9% during the first quarter. Van ECK Associates Corp now owns 5,953,677 shares of the company’s stock worth $11,193,000 after acquiring an additional 55,546 shares in the last quarter. Finally, GSA Capital Partners LLP increased its holdings in shares of Gold Royalty by 70.9% in the first quarter. GSA Capital Partners LLP now owns 257,222 shares of the company’s stock worth $484,000 after acquiring an additional 106,700 shares in the last quarter. 33.75% of the stock is currently owned by institutional investors and hedge funds.

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.