FY2024 EPS Estimates for Gold Royalty Raised by Analyst

Gold Royalty Corp. (NYSE:GROY) – Stock analysts at National Bank Financial raised their FY2024 earnings per share estimates for Gold Royalty in a research note issued on Tuesday, November 5th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings per share of $0.00 for the year, up from their previous estimate of ($0.04). The consensus estimate for Gold Royalty’s current full-year earnings is ($0.03) per share. National Bank Financial also issued estimates for Gold Royalty’s FY2025 earnings at ($0.01) EPS and FY2026 earnings at $0.00 EPS.

Gold Royalty (NYSE:GROY) last posted its earnings results on Monday, November 4th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. Gold Royalty had a negative net margin of 381.76% and a negative return on equity of 0.53%. The company had revenue of $2.06 million during the quarter.

Separately, HC Wainwright lowered their price objective on shares of Gold Royalty from $5.75 to $5.50 and set a “buy” rating for the company in a research report on Tuesday.

Gold Royalty Stock Up 4.4 %

GROY stock opened at $1.42 on Friday. The company has a fifty day moving average of $1.37. 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 cap of $240.08 million, a P/E ratio of -10.92 and a beta of 0.94. Gold Royalty has a twelve month low of $1.17 and a twelve month high of $2.21.

Hedge Funds Weigh In On Gold Royalty

Several hedge funds and other institutional investors have recently bought and sold shares of GROY. Van ECK Associates Corp lifted its stake in shares of Gold Royalty by 1.4% during the 3rd quarter. Van ECK Associates Corp now owns 6,753,002 shares of the company’s stock valued at $10,062,000 after buying an additional 90,323 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Gold Royalty in the 2nd quarter worth $1,345,000. GSA Capital Partners LLP grew its holdings in shares of Gold Royalty by 39.2% during the 3rd quarter. GSA Capital Partners LLP now owns 779,331 shares of the company’s stock valued at $1,060,000 after purchasing an additional 219,351 shares during the last quarter. Ghisallo Capital Management LLC bought a new position in shares of Gold Royalty during the 2nd quarter valued at $705,000. Finally, Regal Partners Ltd grew its holdings in shares of Gold Royalty by 69.0% during the 3rd quarter. Regal Partners Ltd now owns 140,268 shares of the company’s stock valued at $191,000 after purchasing an additional 57,251 shares during the last quarter. Institutional investors and hedge funds own 33.75% of the company’s stock.

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 returns for its investors.