Gold Royalty Corp. (NYSEAMERICAN:GROY) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Gold Royalty Corp. (NYSEAMERICAN:GROY) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $3.28.

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $5.75 price objective on shares of Gold Royalty in a research note on Tuesday.

Gold Royalty Trading Down 3.3 %

NYSEAMERICAN GROY opened at $1.89 on Tuesday. The stock has a market capitalization of $274.68 million, a price-to-earnings ratio of -10.47 and a beta of 1.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.44 and a current ratio of 1.44. Gold Royalty has a 12 month low of $1.18 and a 12 month high of $2.37.

Gold Royalty (NYSEAMERICAN:GROY) last posted its quarterly earnings data on Wednesday, March 27th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The company had revenue of $1.02 million for the quarter. Gold Royalty had a negative return on equity of 0.75% and a negative net margin of 877.82%.

Institutional Investors Weigh In On Gold Royalty

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp grew its position in Gold Royalty by 9.8% in the 4th quarter. Van ECK Associates Corp now owns 5,898,131 shares of the company’s stock valued at $8,670,000 after purchasing an additional 525,594 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of Gold Royalty by 15.7% during the third quarter. Commonwealth Equity Services LLC now owns 64,039 shares of the company’s stock valued at $82,000 after buying an additional 8,697 shares during the last quarter. Rathbones Group PLC acquired a new stake in shares of Gold Royalty in the 3rd quarter worth about $67,000. Peregrine Asset Advisers Inc. acquired a new stake in shares of Gold Royalty in the 4th quarter worth about $59,000. Finally, Gunderson Capital Management Inc. boosted its stake in Gold Royalty by 85.7% during the 4th quarter. Gunderson Capital Management Inc. now owns 33,589 shares of the company’s stock valued at $49,000 after purchasing an additional 15,500 shares during the last quarter. 33.75% of the stock is owned by institutional investors.

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 attractive returns for its investors.