Brokerages Set Gold Royalty Corp. (NYSEAMERICAN:GROY) Price Target at $3.28

Shares of Gold Royalty Corp. (NYSEAMERICAN:GROY) have earned an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $3.33.

Separately, HC Wainwright reaffirmed a “buy” rating and set a $5.75 price target on shares of Gold Royalty in a report on Tuesday.

Gold Royalty Price Performance

Shares of NYSEAMERICAN GROY opened at $2.10 on Tuesday. The stock has a market capitalization of $306.01 million, a price-to-earnings ratio of -11.67 and a beta of 1.19. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.06. Gold Royalty has a 52-week low of $1.18 and a 52-week high of $2.37.

Gold Royalty (NYSEAMERICAN:GROY) last released its quarterly earnings results on Wednesday, March 27th. The company reported $0.01 earnings per share 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 return on equity of 0.75% and a negative net margin of 877.82%. On average, analysts predict that Gold Royalty will post 0.01 EPS for the current year.

Institutional Investors Weigh In On Gold Royalty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in Gold Royalty by 9.8% during the fourth quarter. Van ECK Associates Corp now owns 5,898,131 shares of the company’s stock worth $8,670,000 after purchasing an additional 525,594 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Gold Royalty by 15.7% during the third quarter. Commonwealth Equity Services LLC now owns 64,039 shares of the company’s stock worth $82,000 after purchasing an additional 8,697 shares in the last quarter. Rathbones Group PLC bought a new stake in Gold Royalty during the third quarter worth approximately $67,000. Peregrine Asset Advisers Inc. acquired a new position in Gold Royalty in the fourth quarter worth approximately $59,000. Finally, Gunderson Capital Management Inc. grew 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 worth $49,000 after buying an additional 15,500 shares during the last quarter. Institutional investors own 33.75% 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.