BMO Capital Maintains Market Perform on Gold Royalty, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Rene Cartier has maintained a Market Perform rating on Gold Royalty Corp (AMEX:GROY) but has reduced the price target from $3.5 to $3.
December 07, 2023 | 3:16 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
BMO Capital has maintained a Market Perform rating on Gold Royalty Corp but lowered the price target from $3.5 to $3, indicating a potential downside or limited upside.
The reduction in price target by BMO Capital suggests that the analyst sees less potential for price appreciation in GROY's stock. This could lead to a negative perception among investors and potentially result in a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100