Q4 2024 Earnings Forecast for Gold Royalty Corp. Issued By Raymond James (NYSEAMERICAN:GROY)

Gold Royalty Corp. (NYSEAMERICAN:GROY) – Investment analysts at Raymond James issued their Q4 2024 earnings per share (EPS) estimates for Gold Royalty in a note issued to investors on Thursday, November 16th. Raymond James analyst B. Macarthur expects that the company will post earnings per share of $0.00 for the quarter. Raymond James currently has a “Market Perform” rating and a $3.50 target price on the stock. The consensus estimate for Gold Royalty’s current full-year earnings is ($0.04) per share.

Gold Royalty (NYSEAMERICAN:GROY) last posted its earnings results on Wednesday, November 15th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). Gold Royalty had a negative net margin of 367.25% and a negative return on equity of 1.56%. The business had revenue of $0.80 million for the quarter.

Several other research analysts have also issued reports on the company. HC Wainwright lowered their target price on Gold Royalty from $8.75 to $5.50 and set a “buy” rating for the company in a research report on Thursday. National Bank Financial lowered their price objective on Gold Royalty from $2.85 to $2.60 in a research report on Monday, September 25th. Finally, Scotiabank reduced their target price on Gold Royalty from $3.00 to $2.75 in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Gold Royalty has a consensus rating of “Moderate Buy” and an average price target of $3.44.

Gold Royalty Trading Down 2.8 %

Shares of NYSEAMERICAN:GROY opened at $1.41 on Monday. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.02. Gold Royalty has a 52 week low of $1.18 and a 52 week high of $2.90. The firm has a market cap of $203.58 million, a PE ratio of -20.14 and a beta of 0.92.

Institutional Investors Weigh In On Gold Royalty

Several institutional investors and hedge funds have recently made changes to their positions in GROY. Van ECK Associates Corp raised its holdings in shares of Gold Royalty by 4.3% during the first quarter. Van ECK Associates Corp now owns 5,897,645 shares of the company’s stock valued at $12,739,000 after purchasing an additional 243,951 shares during the period. Bank of Montreal Can acquired a new position in Gold Royalty during the 2nd quarter worth approximately $4,922,000. Amundi boosted its holdings in Gold Royalty by 23.9% in the fourth quarter. Amundi now owns 913,904 shares of the company’s stock worth $2,285,000 after acquiring an additional 176,560 shares in the last quarter. Renaissance Technologies LLC grew its stake in Gold Royalty by 244.3% in the second quarter. Renaissance Technologies LLC now owns 766,200 shares of the company’s stock valued at $1,356,000 after acquiring an additional 543,686 shares during the period. Finally, Two Sigma Investments LP bought a new stake in shares of Gold Royalty during the first quarter valued at approximately $396,000. Institutional investors own 8.00% of the company’s stock.

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.