Analysts Set Expectations for Gold Royalty Corp.'s Q4 2024 Earnings (NYSE:GROY)

Gold Royalty Corp. (NYSE:GROY - Free Report) - Analysts at National Bank Financial issued their Q4 2024 earnings per share estimates for shares of Gold Royalty in a report released on Wednesday, August 14th. National Bank Financial analyst S. Nagle anticipates that the company will earn ($0.01) per share for the quarter. The consensus estimate for Gold Royalty's current full-year earnings is ($0.03) per share. National Bank Financial also issued estimates for Gold Royalty's FY2025 earnings at ($0.02) EPS.

Gold Royalty (NYSE:GROY - Get Free Report) last posted its quarterly 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). The business had revenue of $1.79 million for the quarter. Gold Royalty had a negative return on equity of 0.68% and a negative net margin of 484.60%.

Several other equities research analysts have also weighed in on the company. HC Wainwright reaffirmed a "buy" rating and issued a $5.75 target price on shares of Gold Royalty in a research report on Thursday. Raymond James raised Gold Royalty from a "hold" rating to a "moderate buy" rating and set a $2.75 target price on the stock in a research report on Monday, June 3rd. Finally, BMO Capital Markets raised Gold Royalty from a "market perform" rating to an "outperform" rating and set a $2.50 target price on the stock in a research report on Monday, June 3rd.

Gold Royalty Stock Up 2.6 %

NYSE GROY traded up $0.03 during trading hours on Monday, hitting $1.39. The company had a trading volume of 650,389 shares, compared to its average volume of 879,633. Gold Royalty has a fifty-two week low of $1.18 and a fifty-two week high of $2.21. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.06. The business has a fifty day moving average of $1.40. The company has a market cap of $234.16 million, a price-to-earnings ratio of -8.15 and a beta of 0.97.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GROY. AlphaQ Advisors LLC increased its holdings 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 purchasing an additional 32,315 shares during the period. Van ECK Associates Corp boosted its stake in Gold Royalty by 11.9% during 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 in the last quarter. Regal Partners Ltd boosted its stake in Gold Royalty by 101.9% during the second quarter. Regal Partners Ltd now owns 83,017 shares of the company's stock valued at $120,000 after buying an additional 41,899 shares in the last quarter. Renaissance Technologies LLC bought a new position in Gold Royalty during the second quarter valued at about $1,345,000. Finally, Marshall Wace LLP bought a new position in Gold Royalty during the second quarter valued at about $148,000. 33.75% of the stock is owned by institutional investors and hedge funds.

About Gold Royalty

Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Gold Royalty Corp. is based in VANCOUVER, BC.