Gold Royalty FY2024 EPS Estimate Increased by Raymond James

Gold Royalty Corp. (NYSE:GROY) – Equities researchers at Raymond James raised their FY2024 earnings estimates for shares of Gold Royalty in a note issued to investors on Tuesday, November 5th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of ($0.01) per share 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.

Gold Royalty (NYSE:GROY) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.03. The company had revenue of $2.06 million for the quarter. Gold Royalty had a negative net margin of 381.76% and a negative return on equity of 0.53%.

Separately, HC Wainwright reduced their price target on Gold Royalty from $5.75 to $5.50 and set a “buy” rating for the company in a report on Tuesday.

Gold Royalty Stock Up 4.4 %

Shares of GROY stock opened at $1.42 on Friday. The business has a fifty day simple moving average of $1.37. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market capitalization of $240.08 million, a price-to-earnings ratio of -10.92 and a beta of 0.94. Gold Royalty has a 52 week low of $1.17 and a 52 week high of $2.21.

Institutional Trading of Gold Royalty

Large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new stake in shares of Gold Royalty in the 2nd quarter worth $1,345,000. Ghisallo Capital Management LLC purchased a new stake in Gold Royalty in the second quarter valued at about $705,000. Van ECK Associates Corp raised its stake in 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. purchased a new position in shares of Gold Royalty in the third quarter worth about $132,000. Finally, Regal Partners Ltd raised its stake in shares of Gold Royalty by 101.9% in the second quarter. Regal Partners Ltd now owns 83,017 shares of the company’s stock worth $120,000 after purchasing an additional 41,899 shares during the last quarter. Institutional investors own 33.75% of the company’s stock.

Gold Royalty Company Profile

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.