Gold Royalty (NYSE: GROY) receives upgrades from BMO Capital Markets and Raymond James.

Gold Royalty (NYSE: GROY) has received upgrades from BMO Capital Markets and Raymond James, with the former upgrading its rating from market perform to outperform and the latter raising it from hold to moderate buy. Raymond James also set a $2.75 target price for the company. Shares of GROY traded down $0.01 on Monday, reaching $1.55.