Gold Royalty (NYSEAMERICAN:GROY) Shares Up 2.2% - Should You Buy?

Gold Royalty Corp. (NYSEAMERICAN:GROY - Get Free Report) was up 2.2% during mid-day trading on Monday . The company traded as high as $1.40 and last traded at $1.40. Approximately 681,964 shares were traded during trading, a decline of 26% from the average daily volume of 922,194 shares. The stock had previously closed at $1.37.

Gold Royalty Stock Down 2.5 %

The firm has a market capitalization of $198.91 million, a PE ratio of -8.23 and a beta of 1.02. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.06.

Gold Royalty (NYSEAMERICAN:GROY - Get Free Report) last posted its earnings results on Tuesday, August 13th. The company reported ($0.01) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.01). The firm had revenue of $1.79 million during the quarter. Gold Royalty had a negative net margin of 484.60% and a negative return on equity of 0.68%. As a group, analysts expect that Gold Royalty Corp. will post -0.03 EPS for the current year.

Institutional Investors Weigh In On Gold Royalty

Large investors have recently bought and sold shares of the company. GSA Capital Partners LLP raised its stake in Gold Royalty by 70.9% in the 1st quarter. GSA Capital Partners LLP now owns 257,222 shares of the company's stock valued at $484,000 after purchasing an additional 106,700 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Gold Royalty by 0.9% in the 1st quarter. Van ECK Associates Corp now owns 5,953,677 shares of the company's stock worth $11,193,000 after acquiring an additional 55,546 shares during the last quarter. Finally, Austin Wealth Management LLC acquired a new stake in shares of Gold Royalty in the 4th quarter worth $44,000. Hedge funds and other 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.