Gold Royalty (NYSEAMERICAN:GROY) Given “Buy” Rating at HC Wainwright

HC Wainwright restated their buy rating on shares of Gold Royalty (NYSEAMERICAN:GROY) in a report issued on Tuesday morning, Benzinga reports. They currently have a $5.75 target price on the stock.

Gold Royalty Stock Up 5.3 %

Shares of GROY stock opened at $2.00 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $291.44 million, a PE ratio of -11.11 and a beta of 1.19. Gold Royalty has a 52-week low of $1.18 and a 52-week high of $2.37.

Gold Royalty (NYSEAMERICAN:GROY) last issued its earnings results on Wednesday, March 27th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. The company 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%.

Institutional Trading of Gold Royalty

Several large investors have recently made changes to their positions in the company. Stratos Wealth Partners LTD. acquired a new stake in Gold Royalty in the third quarter valued at approximately $27,000. Austin Wealth Management LLC acquired a new stake in Gold Royalty in the fourth quarter valued at approximately $44,000. Gunderson Capital Management Inc. boosted its position in Gold Royalty by 85.7% in the fourth quarter. Gunderson Capital Management Inc. now owns 33,589 shares of the company’s stock valued at $49,000 after buying an additional 15,500 shares in the last quarter. Peregrine Asset Advisers Inc. acquired a new stake in Gold Royalty in the fourth quarter valued at approximately $59,000. Finally, Rathbones Group PLC acquired a new stake in Gold Royalty in the third quarter valued at approximately $67,000. Institutional investors and hedge funds 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 attractive returns for its investors.