HC Wainwright Predicts Gold Royalty FY2024 Earnings

Gold Royalty Corp. (NYSE:GROY - Free Report) - Analysts at HC Wainwright issued their FY2024 earnings per share estimates for Gold Royalty in a research note issued to investors on Wednesday, February 5th. HC Wainwright analyst H. Ihle anticipates that the company will post earnings of $0.01 per share for the year. HC Wainwright has a "Buy" rating and a $5.75 price objective on the stock. The consensus estimate for Gold Royalty's current full-year earnings is ($0.01) per share. HC Wainwright also issued estimates for Gold Royalty's FY2025 earnings at $0.07 EPS.

Separately, Scotiabank lowered their price target on Gold Royalty from $2.50 to $2.25 and set a "sector outperform" rating on the stock in a report on Monday, November 25th.

Gold Royalty Stock Down 1.3 %

Shares of GROY stock traded down $0.02 during trading hours on Thursday, hitting $1.47. 1,077,748 shares of the company's stock traded hands, compared to its average volume of 865,184. The stock's fifty day simple moving average is $1.25 and its two-hundred day simple moving average is $1.31. The stock has a market cap of $248.53 million, a price-to-earnings ratio of 149.00 and a beta of 0.89. Gold Royalty has a 12-month low of $1.16 and a 12-month high of $2.21. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.09.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GROY. Van ECK Associates Corp increased its stake in shares of Gold Royalty by 1.4% during the third quarter. Van ECK Associates Corp now owns 6,753,002 shares of the company's stock valued at $10,062,000 after buying an additional 90,323 shares during the period. Bank of Montreal Can raised its stake in Gold Royalty by 27.4% in the third quarter. Bank of Montreal Can now owns 3,112,732 shares of the company's stock valued at $4,296,000 after buying an additional 668,784 shares during the last quarter. GSA Capital Partners LLP boosted its stake in Gold Royalty by 39.2% in the 3rd quarter. GSA Capital Partners LLP now owns 779,331 shares of the company's stock worth $1,060,000 after purchasing an additional 219,351 shares in the last quarter. Sprott Inc. raised its holdings in shares of Gold Royalty by 227.5% in the fourth quarter. Sprott Inc. now owns 363,841 shares of the company's stock worth $440,000 after buying an additional 252,735 shares during the last quarter. Finally, Regal Partners Ltd lifted its position in Gold Royalty by 69.0% during the 3rd quarter. Regal Partners Ltd now owns 140,268 shares of the company's stock worth $191,000 after acquiring an additional 57,251 shares during the period. Institutional investors own 33.75% of the company's stock.

About Gold Royalty

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.