Q3 2024 EPS Estimates for Gold Royalty Corp. (NYSEAMERICAN:GROY) Increased by Analyst

Gold Royalty Corp. (NYSEAMERICAN:GROY) – Equities research analysts at Raymond James upped their Q3 2024 EPS estimates for shares of Gold Royalty in a note issued to investors on Tuesday, April 23rd. Raymond James analyst B. Macarthur now forecasts that the company will earn $0.00 per share for the quarter, up from their previous estimate of ($0.01). The consensus estimate for Gold Royalty’s current full-year earnings is $0.01 per share. Raymond James also issued estimates for Gold Royalty’s Q4 2024 earnings at $0.00 EPS.

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, topping the consensus estimate 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%.

Separately, HC Wainwright reiterated a “buy” rating and issued a $5.75 price target on shares of Gold Royalty in a research note on Tuesday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $3.33.

Gold Royalty Trading Up 2.9 %

Shares of Gold Royalty stock opened at $2.16 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a market capitalization of $314.76 million, a P/E ratio of -12.00 and a beta of 1.19. Gold Royalty has a 1 year low of $1.18 and a 1 year high of $2.37.

Institutional Trading of Gold Royalty

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Stratos Wealth Partners LTD. purchased a new stake in shares of Gold Royalty during the 3rd quarter valued at about $27,000. Austin Wealth Management LLC purchased a new position in Gold Royalty during the fourth quarter valued at approximately $44,000. Gunderson Capital Management Inc. lifted its holdings in 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 purchasing an additional 15,500 shares in the last quarter. Peregrine Asset Advisers Inc. bought a new stake in shares of Gold Royalty during the fourth quarter valued at approximately $59,000. Finally, Rathbones Group PLC bought a new stake in shares of Gold Royalty during the third quarter valued at approximately $67,000. 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.