Gold Royalty (NYSEAMERICAN:GROY) Given Buy Rating at HC Wainwright

HC Wainwright reissued their buy rating on shares of Gold Royalty (NYSEAMERICAN:GROY) in a research note issued to investors on Tuesday, Benzinga reports. HC Wainwright currently has a $5.75 price target on the stock. HC Wainwright also issued estimates for Gold Royalty’s FY2024 earnings at ($0.02) EPS and FY2025 earnings at $0.00 EPS.

Gold Royalty Stock Up 5.0 %

GROY stock opened at $2.10 on Tuesday. The firm has a market cap of $306.01 million, a P/E ratio of -11.67 and a beta of 1.19. Gold Royalty has a 52 week low of $1.18 and a 52 week high of $2.37. 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 (NYSEAMERICAN:GROY) last announced its quarterly earnings results on Wednesday, March 27th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $1.02 million for the quarter. Gold Royalty had a negative net margin of 877.82% and a negative return on equity of 0.75%. On average, research analysts forecast that Gold Royalty will post 0.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GROY. Van ECK Associates Corp lifted its position in Gold Royalty by 9.8% during the 4th quarter. Van ECK Associates Corp now owns 5,898,131 shares of the company’s stock valued at $8,670,000 after acquiring an additional 525,594 shares during the period. Rathbones Group PLC purchased a new position in Gold Royalty during the 3rd quarter valued at about $67,000. Peregrine Asset Advisers Inc. purchased a new position in Gold Royalty during the 4th quarter valued at about $59,000. Austin Wealth Management LLC purchased a new position in Gold Royalty during the 4th quarter valued at about $44,000. Finally, Stratos Wealth Partners LTD. purchased a new position in Gold Royalty in the third quarter worth about $27,000. 33.75% of the stock is owned by hedge funds and other 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 attractive returns for its investors.