Equities Analysts Issue Forecasts for Gold Royalty Corp.’s Q3 2024 Earnings (NYSEAMERICAN:GROY)

Gold Royalty Corp. (NYSEAMERICAN:GROY) – Analysts at Raymond James boosted their Q3 2024 earnings per share estimates for shares of Gold Royalty in a research note issued on Tuesday, April 23rd. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $0.00 per share for the quarter, up from their prior estimate of ($0.01). The consensus estimate for Gold Royalty’s current full-year earnings is $0.01 per share. Raymond James also issued estimates for Gold Royalty’s Q4 2024 earnings at $0.00 EPS.

Gold Royalty (NYSEAMERICAN:GROY) last issued its earnings results on Wednesday, March 27th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. The firm had revenue of $1.02 million during the quarter. Gold Royalty had a negative return on equity of 0.75% and a negative net margin of 877.82%.

Separately, HC Wainwright reiterated a “buy” rating and set a $5.75 price target on shares of Gold Royalty in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $3.33.

Gold Royalty Stock Up 5.0 %

Shares of Gold Royalty stock opened at $2.10 on Thursday. The company has a market cap of $306.01 million, a P/E ratio of -11.67 and a beta of 1.19. Gold Royalty has a 1 year low of $1.18 and a 1 year high of $2.37. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.44 and a current ratio of 1.44.

Institutional Trading of Gold Royalty

Several institutional investors have recently modified their holdings of GROY. Stratos Wealth Partners LTD. acquired a new stake in shares of Gold Royalty during the third quarter worth $27,000. Austin Wealth Management LLC bought a new stake in Gold Royalty during the fourth quarter valued at $44,000. Gunderson Capital Management Inc. grew its holdings in Gold Royalty by 85.7% during the 4th quarter. Gunderson Capital Management Inc. now owns 33,589 shares of the company’s stock worth $49,000 after acquiring an additional 15,500 shares during the period. Peregrine Asset Advisers Inc. bought a new position in shares of Gold Royalty in the 4th quarter worth about $59,000. Finally, Rathbones Group PLC acquired a new position in shares of Gold Royalty in the 3rd quarter valued at about $67,000. 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 attractive returns for its investors.