Gold Royalty (NYSE:GROY) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Gold Royalty (NYSE:GROY) announced its quarterly earnings results on Monday. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03, Zacks reports. The business had revenue of $2.06 million for the quarter. Gold Royalty had a negative return on equity of 0.53% and a negative net margin of 381.76%.

Gold Royalty Trading Down 5.2 %

Shares of GROY stock opened at $1.37 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market capitalization of $230.78 million, a P/E ratio of -10.50 and a beta of 0.94. Gold Royalty has a 12-month low of $1.17 and a 12-month high of $2.21. The business’s fifty day simple moving average is $1.37.

Wall Street Analyst Weigh In

Separately, HC Wainwright cut their target price on Gold Royalty from $5.75 to $5.50 and set a “buy” rating on the stock in a research note on Tuesday.

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 returns for its investors.