Gold Royalty (NYSE:GROY) Price Target Cut to $2.25 by Analysts at Scotiabank

Gold Royalty (NYSE:GROY) had its target price lowered by equities research analysts at Scotiabank from $2.50 to $2.25 in a report released on Monday,Benzinga reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 78.57% from the stock’s current price.

Separately, HC Wainwright dropped their price objective on shares of Gold Royalty from $5.75 to $5.50 and set a “buy” rating on the stock in a report on Tuesday, November 5th.

Gold Royalty Price Performance

NYSE GROY traded down $0.02 during trading on Monday, hitting $1.26. The company’s stock had a trading volume of 917,231 shares, compared to its average volume of 917,905. Gold Royalty has a fifty-two week low of $1.17 and a fifty-two week high of $2.21. The company has a market capitalization of $213.03 million, a P/E ratio of -9.69 and a beta of 0.94. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.09. The firm’s 50 day moving average is $1.39.

Gold Royalty (NYSE:GROY) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. The firm had revenue of $2.06 million during the quarter. Gold Royalty had a negative net margin of 252.16% and a positive return on equity of 0.46%. Analysts expect that Gold Royalty will post -0.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

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.