Gold Royalty Corp. (NYSE:GROY - Free Report) - Equities researchers at Raymond James increased their FY2024 earnings per share estimates for shares of Gold Royalty in a research report issued on Tuesday, November 5th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of ($0.01) for the year, up from their prior estimate of ($0.03). The consensus estimate for Gold Royalty's current full-year earnings is ($0.03) per share.
Separately, HC Wainwright dropped their price target on shares of Gold Royalty from $5.75 to $5.50 and set a "buy" rating for the company in a research report on Tuesday.
Read Our Latest Analysis on Gold Royalty
Gold Royalty Stock Performance
Shares of GROY stock traded up $0.01 during mid-day trading on Friday, reaching $1.42. The company's stock had a trading volume of 940,917 shares, compared to its average volume of 912,947. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.69 and a current ratio of 1.69. The firm's 50-day moving average is $1.37. Gold Royalty has a 1-year low of $1.17 and a 1-year high of $2.21. The company has a market capitalization of $240.08 million, a P/E ratio of -10.92 and a beta of 0.94.
Gold Royalty (NYSE:GROY - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $0.02 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.03. Gold Royalty had a negative return on equity of 0.53% and a negative net margin of 381.76%. The business had revenue of $2.06 million during the quarter.
Institutional Investors Weigh In On Gold Royalty
Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in Gold Royalty during the 2nd quarter valued at $1,345,000. Ghisallo Capital Management LLC acquired a new stake in shares of Gold Royalty in the second quarter valued at $705,000. Van ECK Associates Corp raised its holdings in shares of Gold Royalty by 11.9% in the second quarter. Van ECK Associates Corp now owns 6,662,679 shares of the company's stock valued at $9,394,000 after buying an additional 709,002 shares during the last quarter. DiNuzzo Private Wealth Inc. acquired a new position in Gold Royalty during the 3rd quarter worth about $132,000. Finally, Regal Partners Ltd grew its holdings in Gold Royalty by 101.9% during the 2nd quarter. Regal Partners Ltd now owns 83,017 shares of the company's stock worth $120,000 after acquiring an additional 41,899 shares during the last quarter. Institutional investors own 33.75% of the company's stock.
Gold Royalty Company Profile
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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.
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