Gold Royalty Corp [AMEX: GROY] traded at a low on Thursday, posting a -12.42 loss after which it closed the day’ session at $1.34.
The results of the trading session contributed to over 6772426 shares changing hands. Over the past one week, the price volatility of Gold Royalty Corp stands at 5.26% while the volatility over the past one month is 4.94%.
The market cap for GROY stock reached $226.88 million, with 169.31 million shares outstanding and 140.70 million shares in the current float. Compared to the average trading volume of 884.39K shares, GROY reached a trading volume of 6772426 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Gold Royalty Corp [GROY]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GROY shares is $3.07 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GROY stock is a recommendation set at 1.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Raymond James have made an estimate for Gold Royalty Corp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 03, 2024. The new note on the price target was released on June 03, 2024, representing the official price target for Gold Royalty Corp stock. Previously, the target price had yet another raise to $3, while Scotiabank analysts kept a Sector Outperform rating on GROY stock.
The Average True Range (ATR) for Gold Royalty Corp is set at 0.07, with the Price to Sales ratio for GROY stock in the period of the last 12 months amounting to 29.24. The Price to Book ratio for the last quarter was 0.40, with the Price to Cash per share for the same quarter was set at 0.02.
How has GROY stock performed recently?
Gold Royalty Corp [GROY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.07. With this latest performance, GROY shares dropped by -6.29% in over the last four-week period, additionally plugging by 1.52% over the last 6 months – not to mention a drop of -30.93% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GROY stock in for the last two-week period is set at 42.44, with the RSI for the last a single of trading hit 36.19, and the three-weeks RSI is set at 45.89 for Gold Royalty Corp [GROY]. The present Moving Average for the last 50 days of trading for this stock 1.3604, while it was recorded at 1.4960 for the last single week of trading, and 1.3592 for the last 200 days.
Gold Royalty Corp [GROY]: Deeper insight into the fundamentals
Gold Royalty Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.63 and a Current Ratio set at 1.63.
Insider trade positions for Gold Royalty Corp [GROY]
There are presently around $13.36%, or 18.00%% of GROY stock, in the hands of institutional investors. The top three institutional holders of GROY stocks are: VAN ECK ASSOCIATES CORP with ownership of 6.66 million shares, which is approximately 4.6035%. ORION RESOURCE PARTNERS LP, holding 2.91 million shares of the stock with an approximate value of $$4.1 million in GROY stocks shares; and ORION RESOURCE PARTNERS LP, currently with $$3.96 million in GROY stock with ownership which is approximately 1.7865%.
