Scotiabank Issues Pessimistic Forecast for Gold Royalty (NYSE:GROY) Stock Price

Gold Royalty (NYSE:GROY) had its price objective lowered by stock analysts at Scotiabank from $2.50 to $2.25 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “sector outperform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 77.17% from the company’s current price.

Separately, HC Wainwright cut their target price on Gold Royalty from $5.75 to $5.50 and set a “buy” rating on the stock in a report on Tuesday, November 5th.

Gold Royalty Price Performance

Shares of Gold Royalty stock opened at $1.27 on Monday. The firm’s 50-day moving average price is $1.39. Gold Royalty has a 52-week low of $1.17 and a 52-week high of $2.21. The firm has a market cap of $214.72 million, a price-to-earnings ratio of -9.69 and a beta of 0.94. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.09.

Gold Royalty (NYSE:GROY) last posted its earnings results on Monday, November 4th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.03. The company had revenue of $2.06 million during the quarter. Gold Royalty had a negative net margin of 252.16% and a positive return on equity of 0.46%. As a group, equities research analysts predict that Gold Royalty will post -0.01 earnings per share for the current year.

Institutional Trading of Gold Royalty

Large investors have recently modified their holdings of the company. Verition Fund Management LLC acquired a new position in Gold Royalty during the 3rd quarter worth $32,000. SageView Advisory Group LLC acquired a new position in Gold Royalty during the 3rd quarter valued at $34,000. Oxbow Advisors LLC bought a new stake in Gold Royalty in the 3rd quarter valued at $49,000. Bayshore Asset Management LLC acquired a new stake in Gold Royalty in the 3rd quarter worth $61,000. Finally, XTX Topco Ltd bought a new position in shares of Gold Royalty during the 3rd quarter worth about $83,000. 33.75% of the stock is owned by institutional investors.

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.