Gold Royalty (NYSE:GROY - Get Free Report) had its price target reduced by equities research analysts at HC Wainwright from $5.75 to $5.50 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a "buy" rating on the stock. HC Wainwright's target price would suggest a potential upside of 283.28% from the company's current price.
Gold Royalty Stock Performance
Shares of NYSE:GROY traded up $0.03 during trading on Tuesday, reaching $1.44. 671,996 shares of the stock traded hands, compared to its average volume of 913,805. Gold Royalty has a 52-week low of $1.17 and a 52-week high of $2.21. 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 price is $1.37. The company has a market capitalization of $242.62 million, a PE ratio of -8.97 and a beta of 0.94.
Gold Royalty (NYSE:GROY - Get Free Report) last issued its earnings results on Tuesday, August 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). Gold Royalty had a negative return on equity of 0.53% and a negative net margin of 381.76%. The company had revenue of $1.79 million for the quarter. Sell-side analysts expect that Gold Royalty will post -0.03 earnings per share for the current year.
Institutional Trading of Gold Royalty
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GROY. Oxbow Advisors LLC purchased a new position in shares of Gold Royalty during the 3rd quarter valued at approximately $49,000. Bayshore Asset Management LLC acquired a new position in shares of Gold Royalty in the 3rd quarter valued at $61,000. AlphaQ Advisors LLC increased its position in shares of Gold Royalty by 62.2% during the second quarter. AlphaQ Advisors LLC now owns 84,260 shares of the company's stock valued at $119,000 after acquiring an additional 32,315 shares during the last quarter. Regal Partners Ltd increased its holdings in Gold Royalty by 101.9% in the 2nd quarter. Regal Partners Ltd now owns 83,017 shares of the company's stock valued at $120,000 after purchasing an additional 41,899 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. acquired a new stake in shares of Gold Royalty in the third quarter valued at $132,000. Institutional investors and hedge funds own 33.75% of the company's stock.
About Gold Royalty
(
Get Free Report)
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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