HC Wainwright Forecasts Gold Royalty FY2024 Earnings

Gold Royalty Corp. (NYSE:GROY) – Equities researchers at HC Wainwright issued their FY2024 earnings per share (EPS) estimates for shares of Gold Royalty in a note issued to investors on Wednesday, February 5th. HC Wainwright analyst H. Ihle forecasts that the company will post earnings of $0.01 per share for the year. HC Wainwright currently has a “Buy” rating and a $5.75 price target on the stock. The consensus estimate for Gold Royalty’s current full-year earnings is ($0.01) per share. HC Wainwright also issued estimates for Gold Royalty’s FY2025 earnings at $0.07 EPS.

Separately, Scotiabank lowered their target price on Gold Royalty from $2.50 to $2.25 and set a “sector outperform” rating for the company in a research note on Monday, November 25th.

Gold Royalty Trading Up 10.4 %

GROY opened at $1.49 on Thursday. Gold Royalty has a 12 month low of $1.16 and a 12 month high of $2.21. The stock has a market capitalization of $251.91 million, a price-to-earnings ratio of -11.46 and a beta of 0.89. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.63 and a quick ratio of 1.63. The business has a fifty day moving average price of $1.24 and a 200 day moving average price of $1.31.

Gold Royalty (NYSE:GROY) last released its earnings results on Monday, November 4th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.03. Gold Royalty had a positive return on equity of 0.46% and a negative net margin of 252.16%. The firm had revenue of $2.06 million during the quarter.

Institutional Trading of Gold Royalty

Large investors have recently made changes to their positions in the company. Verition Fund Management LLC acquired a new stake in shares of Gold Royalty in the 3rd quarter valued at about $32,000. SageView Advisory Group LLC purchased a new position in shares of Gold Royalty in the 3rd quarter valued at approximately $34,000. Oxbow Advisors LLC acquired a new position in shares of Gold Royalty in the third quarter valued at approximately $49,000. Bayshore Asset Management LLC purchased a new stake in shares of Gold Royalty during the third quarter worth approximately $61,000. Finally, XTX Topco Ltd purchased a new position in Gold Royalty in the 3rd quarter valued at $83,000. 33.75% of the stock is owned by institutional investors and hedge funds.

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.