Gold Royalty (NYSEAMERICAN:GROY) Issues Quarterly Earnings Results

Gold Royalty (NYSEAMERICAN:GROY) released its earnings results on Wednesday. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01, FiscalAI reports. The business had revenue of $7.93 million for the quarter, compared to the consensus estimate of $8.34 million. Gold Royalty had a positive return on equity of 0.44% and a negative net margin of 5.65%.

Gold Royalty Price Performance

Shares of GROY stock traded down $0.06 on Thursday, hitting $2.83. 1,472,837 shares of the stock traded hands, compared to its average volume of 2,582,562. Gold Royalty has a 52 week low of $2.45 and a 52 week high of $5.45. The firm has a 50 day simple moving average of $2.78 and a two-hundred day simple moving average of $3.53. The firm has a market cap of $654.12 million, a price-to-earnings ratio of -16.62 and a beta of 0.94.

Analysts Set New Price Targets

Several research firms recently commented on GROY. HC Wainwright reaffirmed a “buy” rating on shares of Gold Royalty in a research report on Thursday. Scotiabank reduced their price target on shares of Gold Royalty from $6.00 to $5.75 and set an “outperform” rating for the company in a research note on Tuesday, July 14th. Finally, Canaccord Genuity Group upgraded shares of Gold Royalty from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research report on Wednesday, April 29th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $5.75.

Hedge Funds Weigh In On Gold Royalty

Several large investors have recently made changes to their positions in GROY. Regal Partners Ltd raised its holdings in shares of Gold Royalty by 22,977.8% during the fourth quarter. Regal Partners Ltd now owns 5,712,223 shares of the company’s stock worth $23,534,000 after purchasing an additional 5,687,471 shares during the last quarter. Mudita Advisors LLP purchased a new position in shares of Gold Royalty during the 4th quarter valued at about $8,484,000. Amundi lifted its holdings in shares of Gold Royalty by 300.0% in the 2nd quarter. Amundi now owns 2,000,000 shares of the company’s stock valued at $4,520,000 after buying an additional 1,500,000 shares during the period. Price T Rowe Associates Inc. MD purchased a new stake in shares of Gold Royalty in the fourth quarter worth about $4,684,000. Finally, JPMorgan Chase & Co. grew its holdings in Gold Royalty by 1,918.6% during the second quarter. JPMorgan Chase & Co. now owns 1,042,141 shares of the company’s stock worth $2,303,000 after acquiring an additional 990,515 shares during the period. 33.75% of the stock is currently owned by hedge funds and other institutional investors.

Gold Royalty Company Profile

Gold Royalty Corp is a precious metals royalty and streaming company that focuses on acquiring and managing royalty interests in gold, silver and other metal assets. The company provides upfront funding to mining operators in exchange for a percentage of future metal production, offering an alternative financing model that can reduce capital requirements and accelerate development timelines for mining projects.

The firm’s diversified portfolio spans royalty and stream agreements across the Americas, with interests in operating mines, development‐stage assets and advanced exploration projects.