Gold Royalty Corp. (NYSEAMERICAN:GROY) Given Average Rating of “Moderate Buy” by Analysts

Shares of Gold Royalty Corp. (NYSEAMERICAN:GROY) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $3.33.

Separately, HC Wainwright reiterated a “buy” rating and issued a $5.75 target price on shares of Gold Royalty in a report on Tuesday, April 23rd.

Gold Royalty Price Performance

Shares of NYSEAMERICAN:GROY opened at $2.15 on Tuesday. The firm has a market cap of $313.30 million, a price-to-earnings ratio of -11.94 and a beta of 1.19. Gold Royalty has a 12-month low of $1.18 and a 12-month high of $2.37. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.44 and a quick ratio of 1.44.

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

Institutional Trading of Gold Royalty

Institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp boosted its position in Gold Royalty by 9.8% in the fourth quarter. Van ECK Associates Corp now owns 5,898,131 shares of the company’s stock valued at $8,670,000 after buying an additional 525,594 shares in the last quarter. Rathbones Group PLC acquired a new position in Gold Royalty in the third quarter valued at about $67,000. Peregrine Asset Advisers Inc. acquired a new position in Gold Royalty in the fourth quarter valued at about $59,000. Austin Wealth Management LLC acquired a new position in Gold Royalty in the fourth quarter valued at about $44,000. Finally, Stratos Wealth Partners LTD. acquired a new position in Gold Royalty in the third quarter valued at about $27,000. 33.75% of the stock is currently owned by institutional investors and hedge funds.

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 attractive returns for its investors.