Gold Royalty’s (GROY) Buy Rating Reaffirmed at HC Wainwright

HC Wainwright restated their buy rating on shares of Gold Royalty (NYSEAMERICAN:GROY) in a report issued on Tuesday morning, Benzinga reports. HC Wainwright currently has a $5.75 target price 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 Trading Up 2.9 %

Shares of NYSEAMERICAN:GROY opened at $2.16 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market capitalization of $314.76 million, a P/E ratio of -12.00 and a beta of 1.19. Gold Royalty has a 52 week low of $1.18 and a 52 week high of $2.37.

Gold Royalty (NYSEAMERICAN:GROY) last announced its quarterly earnings data on Wednesday, March 27th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. Gold Royalty had a negative return on equity of 0.75% and a negative net margin of 877.82%. The firm had revenue of $1.02 million for the quarter. As a group, sell-side analysts forecast that Gold Royalty will post 0.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC increased its holdings in Gold Royalty by 15.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 64,039 shares of the company’s stock valued at $82,000 after purchasing an additional 8,697 shares during the period. Stratos Wealth Partners LTD. bought a new stake in shares of Gold Royalty in the 3rd quarter worth approximately $27,000. Rathbones Group PLC bought a new stake in shares of Gold Royalty in the 3rd quarter worth approximately $67,000. Gunderson Capital Management Inc. increased 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 valued at $49,000 after buying an additional 15,500 shares during the period. Finally, Austin Wealth Management LLC bought a new position in shares of Gold Royalty during the fourth quarter valued at approximately $44,000. 33.75% of the stock is owned by hedge funds and other 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.