Gold Royalty (NYSEAMERICAN:GROY – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01), Yahoo Finance reports. Gold Royalty had a negative return on equity of 1.56% and a negative net margin of 367.25%. The company had revenue of $0.80 million for the quarter.
Gold Royalty Stock Down 2.8 %
GROY traded down $0.04 on Friday, hitting $1.41. 340,192 shares of the company traded hands, compared to its average volume of 445,194. The company has a market cap of $203.58 million, a PE ratio of -20.79 and a beta of 0.92. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.02. Gold Royalty has a 12-month low of $1.18 and a 12-month high of $2.90.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. National Bank Financial decreased their target price on Gold Royalty from $2.85 to $2.60 in a research report on Monday, September 25th. Raymond James cut their target price on Gold Royalty from $4.00 to $3.50 and set a “market perform” rating for the company in a research note on Monday, August 14th. Scotiabank cut their target price on Gold Royalty from $3.00 to $2.75 in a research report on Tuesday, October 3rd. Finally, HC Wainwright lowered their price target on Gold Royalty from $8.75 to $5.50 and set a “buy” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $3.44.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp purchased a new position in Gold Royalty in the third quarter valued at about $133,000. Commonwealth Equity Services LLC increased its stake in Gold Royalty by 32.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 47,522 shares of the company’s stock valued at $102,000 after purchasing an additional 11,712 shares in the last quarter. Morgan Stanley grew its holdings in Gold Royalty by 30.4% in the fourth quarter. Morgan Stanley now owns 42,506 shares of the company’s stock valued at $99,000 after purchasing an additional 9,917 shares during the last quarter. HRT Financial LP purchased a new position in shares of Gold Royalty in the first quarter valued at $70,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Gold Royalty in the 1st quarter valued at about $67,000. 8.00% of the stock is currently owned by institutional investors and hedge funds.
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.
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