HC Wainwright Issues Pessimistic Forecast for Gold Royalty (NYSE:GROY) Stock Price

Gold Royalty (NYSE:GROY) had its price target decreased by HC Wainwright from $5.75 to $5.50 in a research report released on Tuesday morning, Benzinga reports. HC Wainwright currently has a buy rating on the stock.

Gold Royalty Trading Up 1.8 %

GROY opened at $1.44 on Tuesday. The company’s 50 day moving average price is $1.37. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $242.62 million, a PE ratio of -8.97 and a beta of 0.94. Gold Royalty has a 1 year low of $1.17 and a 1 year high of $2.21.

Gold Royalty (NYSE:GROY) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $1.79 million for the quarter. Gold Royalty had a negative net margin of 381.76% and a negative return on equity of 0.53%. Equities analysts forecast that Gold Royalty will post -0.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gold Royalty

A number of institutional investors have recently added to or reduced their stakes in GROY. Van ECK Associates Corp raised its holdings in shares of Gold Royalty by 1.4% in the 3rd quarter. Van ECK Associates Corp now owns 6,753,002 shares of the company’s stock worth $10,062,000 after buying an additional 90,323 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Gold Royalty in the 2nd quarter valued at $1,345,000. GSA Capital Partners LLP grew its position in Gold Royalty by 39.2% in the third quarter. GSA Capital Partners LLP now owns 779,331 shares of the company’s stock valued at $1,060,000 after acquiring an additional 219,351 shares during the period. Ghisallo Capital Management LLC acquired a new position in Gold Royalty during the second quarter worth $705,000. Finally, Regal Partners Ltd lifted its holdings in shares of Gold Royalty by 69.0% during the third quarter. Regal Partners Ltd now owns 140,268 shares of the company’s stock valued at $191,000 after acquiring an additional 57,251 shares during the period. 33.75% of the stock is 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 returns for its investors.