Gold Royalty Corp. to Post FY2024 Earnings of ($0.02) Per Share, HC Wainwright Forecasts (NYSEAMERICAN:GROY)

Gold Royalty Corp. (NYSEAMERICAN:GROY) – Stock analysts at HC Wainwright issued their FY2024 earnings per share estimates for Gold Royalty in a research note issued to investors on Tuesday, April 23rd. HC Wainwright analyst H. Ihle forecasts that the company will post earnings of ($0.02) 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.

Gold Royalty (NYSEAMERICAN:GROY) last issued its quarterly earnings results on Wednesday, March 27th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. The company had revenue of $1.02 million during the quarter. Gold Royalty had a negative net margin of 877.82% and a negative return on equity of 0.75%.

Gold Royalty Stock Performance

GROY stock opened at $2.00 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.06. Gold Royalty has a 52-week low of $1.18 and a 52-week high of $2.37.

Hedge Funds Weigh In On Gold Royalty

Several institutional investors and hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC raised its holdings in Gold Royalty by 15.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 64,039 shares of the company’s stock worth $82,000 after acquiring an additional 8,697 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new position in shares of Gold Royalty in the third quarter worth $27,000. Rathbones Group PLC bought a new position in shares of Gold Royalty during the third quarter valued at $67,000. Gunderson Capital Management Inc. boosted its position in shares of Gold Royalty by 85.7% during the fourth quarter. Gunderson Capital Management Inc. now owns 33,589 shares of the company’s stock valued at $49,000 after buying an additional 15,500 shares during the last quarter. Finally, Austin Wealth Management LLC bought a new stake in Gold Royalty in the 4th quarter worth about $44,000. 33.75% of the stock is currently owned by institutional investors.

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 attractive returns for its investors.