Fintel reports that on June 4, 2024, Raymond James upgraded their outlook for Gold Royalty (NYSEAM:GROY) from Market Perform to Outperform.
Analyst Price Forecast Suggests 129.01% Upside
As of June 1, 2024, the average one-year price target for Gold Royalty is 3.55. The forecasts range from a low of 2.52 to a high of $6.04. The average price target represents an increase of 129.01% from its latest reported closing price of 1.55.
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The projected annual revenue for Gold Royalty is 11MM, an increase of 119.90%. The projected annual non-GAAP EPS is -0.03.
What is the Fund Sentiment?
There are 55 funds or institutions reporting positions in Gold Royalty. This is an increase of 9 owner(s) or 19.57% in the last quarter. Average portfolio weight of all funds dedicated to GROY is 0.02%, an increase of 55.99%. Total shares owned by institutions decreased in the last three months by 2.28% to 16,353K shares. 
The put/call ratio of GROY is 0.02, indicating a bullish outlook.
What are Other Shareholders Doing?
Van Eck Associates holds 5,954K shares representing 3.59% ownership of the company. In its prior filing, the firm reported owning 5,898K shares , representing an increase of 0.93%. The firm increased its portfolio allocation in GROY by 7.25% over the last quarter.
GDXJ - VanEck Vectors Junior Gold Miners ETF holds 5,436K shares representing 3.27% ownership of the company. In its prior filing, the firm reported owning 5,414K shares , representing an increase of 0.40%. The firm increased its portfolio allocation in GROY by 23.95% over the last quarter.
Bank Of Montreal holds 2,493K shares representing 1.50% ownership of the company. In its prior filing, the firm reported owning 2,504K shares , representing a decrease of 0.43%. The firm increased its portfolio allocation in GROY by 20.74% over the last quarter.
Gsa Capital Partners Llp holds 257K shares representing 0.15% ownership of the company. In its prior filing, the firm reported owning 151K shares , representing an increase of 41.48%. The firm increased its portfolio allocation in GROY by 106.89% over the last quarter.
Two Sigma Investments holds 188K shares representing 0.11% ownership of the company. In its prior filing, the firm reported owning 333K shares , representing a decrease of 76.75%. The firm decreased its portfolio allocation in GROY by 26.07% over the last quarter.
Gold Royalty Background Information
(This description is provided by the company.)
Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Its mission is to acquire royalties, streams and similar interests at varying stages of the mine life cycle to build a balanced portfolio offering near, medium and longer-term attractive returns for our investors. GRC's diversified portfolio currently consists of net smelter return royalties ranging from 0.5% to 2.0% on 18 gold properties covering 12 projects located in the Americas.
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