Gold Royalty (NYSE:GROY) Posts Quarterly Earnings Results, Meets Estimates

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

Gold Royalty Trading Up 2.3 %

NYSE GROY traded up $0.03 during midday trading on Thursday, hitting $1.31. The company had a trading volume of 196,315 shares, compared to its average volume of 879,480. The stock has a market cap of $221.48 million, a P/E ratio of -7.71 and a beta of 0.97. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average of $1.41. Gold Royalty has a twelve month low of $1.18 and a twelve month high of $2.21.

Analysts Set New Price Targets

GROY has been the subject of several research reports. HC Wainwright reissued a “buy” rating and set a $5.75 price target on shares of Gold Royalty in a report on Thursday. Raymond James raised Gold Royalty from a “hold” rating to a “moderate buy” rating and set a $2.75 price target for the company in a report on Monday, June 3rd. Finally, BMO Capital Markets raised Gold Royalty from a “market perform” rating to an “outperform” rating and set a $2.50 price target for the company in a 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.