Gold Royalty (NYSE:GROY) Trading Down 12.4% – Should You Sell?

Gold Royalty Corp. (NYSE:GROY) shares fell 12.4% on Thursday . The company traded as low as $1.28 and last traded at $1.34. 6,778,126 shares traded hands during trading, an increase of 578% from the average session volume of 1,000,317 shares. The stock had previously closed at $1.53.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GROY. Scotiabank reduced their target price on shares of Gold Royalty from $2.50 to $2.25 and set a “sector outperform” rating on the stock in a report on Monday, November 25th. HC Wainwright lifted their price objective on shares of Gold Royalty from $5.50 to $5.75 and gave the company a “buy” rating in a research note on Wednesday, February 5th.

Gold Royalty Stock Up 2.2 %

The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.09. The company has a market cap of $231.63 million, a P/E ratio of -10.54 and a beta of 0.87. The company has a fifty day moving average of $1.37 and a 200 day moving average of $1.33.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GROY. Total Wealth Planning & Management Inc. bought a new position in Gold Royalty in the 4th quarter worth $31,000. Verition Fund Management LLC bought a new stake in Gold Royalty in the 3rd quarter valued at $32,000. SageView Advisory Group LLC bought a new stake in Gold Royalty in the 3rd quarter valued at $34,000. Cubist Systematic Strategies LLC bought a new position in Gold Royalty during the fourth quarter valued at $46,000. Finally, Two Sigma Securities LLC bought a new position in Gold Royalty during the fourth quarter valued at $51,000. Institutional investors own 33.75% of the company’s stock.

Gold Royalty Company Profile

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.