Raymond James Weighs in on Gold Royalty Corp.’s Q3 2024 Earnings (NYSEAMERICAN:GROY)

Gold Royalty Corp. (NYSEAMERICAN:GROY) – Research analysts at Raymond James boosted their Q3 2024 earnings per share estimates for Gold Royalty in a research report issued on Tuesday, April 23rd. Raymond James analyst B. Macarthur now anticipates that the company will earn $0.00 per share for the quarter, up from their prior estimate of ($0.01). The consensus estimate for Gold Royalty’s current full-year earnings is $0.01 per share. Raymond James also issued estimates for Gold Royalty’s Q4 2024 earnings at $0.00 EPS.

Separately, HC Wainwright restated a “buy” rating and issued a $5.75 price objective on shares of Gold Royalty in a research note on Tuesday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $3.33.

Gold Royalty Stock Up 0.5 %

Shares of GROY stock opened at $2.00 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.44 and a quick 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 issued its earnings results on Wednesday, March 27th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The firm had revenue of $1.02 million during the quarter. Gold Royalty had a negative net margin of 877.82% and a negative return on equity of 0.75%.

Hedge Funds Weigh In On Gold Royalty

Several large investors have recently bought and sold shares of GROY. Commonwealth Equity Services LLC boosted its stake 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 worth $82,000 after buying an additional 8,697 shares during the period. Stratos Wealth Partners LTD. acquired a new stake in shares of Gold Royalty during the third quarter worth about $27,000. Rathbones Group PLC acquired a new stake in shares of Gold Royalty during the third quarter worth about $67,000. Gunderson Capital Management Inc. boosted its stake in shares of Gold Royalty by 85.7% during the fourth quarter. Gunderson Capital Management Inc. now owns 33,589 shares of the company’s stock worth $49,000 after buying an additional 15,500 shares during the period. Finally, Austin Wealth Management LLC acquired a new stake in shares of Gold Royalty during the fourth quarter worth about $44,000. Institutional investors and hedge funds own 33.75% of the company’s stock.

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.