Gold Royalty (NYSE:GROY) Announces Quarterly Earnings Results

Gold Royalty (NYSE:GROY) issued its quarterly earnings results on Tuesday. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01), Zacks reports. Gold Royalty had a negative return on equity of 0.68% and a negative net margin of 484.60%. The company had revenue of $1.79 million for the quarter.

Gold Royalty Stock Performance

Gold Royalty stock traded down $0.04 during mid-day trading on Wednesday, reaching $1.28. 252,615 shares of the company were exchanged, compared to its average volume of 880,248. Gold Royalty has a twelve month low of $1.18 and a twelve month high of $2.21. The stock has a 50-day moving average price of $1.41. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $216.41 million, a price-to-earnings ratio of -7.53 and a beta of 0.97.

Analyst Ratings Changes

A number of research analysts have recently commented on GROY shares. BMO Capital Markets upgraded Gold Royalty from a “market perform” rating to an “outperform” rating and set a $2.50 price objective on the stock in a report on Monday, June 3rd. HC Wainwright reissued a “buy” rating and issued a $5.75 target price on shares of Gold Royalty in a research report on Tuesday, July 23rd. Finally, Raymond James raised Gold Royalty from a “hold” rating to a “moderate buy” rating and set a $2.75 target price for the company in a research report on Monday, June 3rd.

About Gold Royalty

Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Gold Royalty Corp. is based in VANCOUVER, BC.