Gold Royalty (NYSEAMERICAN:GROY) Posts Quarterly Earnings Results, Hits Estimates

Gold Royalty (NYSEAMERICAN:GROYGet Rating) posted its quarterly earnings data on Monday. The company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02), Fidelity Earnings reports.

NYSEAMERICAN GROY traded up $0.11 during trading hours on Thursday, reaching $3.17. 859 shares of the company’s stock were exchanged, compared to its average volume of 689,848. Gold Royalty has a one year low of $2.75 and a one year high of $7.08.

Several equities analysts recently issued reports on GROY shares. BMO Capital Markets started coverage on Gold Royalty in a research note on Thursday, February 10th. They set a “market perform” rating and a $5.50 price target on the stock. Zacks Investment Research upgraded Gold Royalty from a “hold” rating to a “buy” rating and set a $4.00 price objective on the stock in a research note on Monday, May 2nd.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in Gold Royalty during the 4th quarter worth $1,765,000. Goldman Sachs Group Inc. acquired a new stake in Gold Royalty during the 4th quarter worth $69,000. Stifel Financial Corp acquired a new stake in Gold Royalty during the 4th quarter worth $1,187,000. Millennium Management LLC acquired a new stake in Gold Royalty during the 4th quarter worth $79,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Gold Royalty during the 4th quarter worth $109,000. Institutional investors and hedge funds own 18.82% of the company’s stock.

About Gold Royalty (Get Rating)

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.

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Earnings History for Gold Royalty (NYSEAMERICAN:GROY)

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