Gold Royalty (NYSEAMERICAN:GROY) Upgraded to Outperform at BMO Capital Markets

BMO Capital Markets upgraded shares of Gold Royalty (NYSEAMERICAN:GROYFree Report) from a market perform rating to an outperform rating in a research report released on Monday, MarketBeat reports.

GROY has been the subject of a number of other reports. HC Wainwright restated a buy rating and set a $5.75 price objective on shares of Gold Royalty in a research note on Wednesday, May 15th. Raymond James upgraded shares of Gold Royalty from a market perform rating to an outperform rating and set a $2.75 price objective for the company in a research note on Monday. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus price target of $3.28.

Get Our Latest Analysis on Gold Royalty

Gold Royalty Trading Down 4.6 %

GROY stock opened at $1.56 on Monday. The stock has a market cap of $226.59 million, a price-to-earnings ratio of -9.15 and a beta of 1.02. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.41 and a quick ratio of 1.41. Gold Royalty has a 1 year low of $1.18 and a 1 year high of $2.21.

Gold Royalty (NYSEAMERICAN:GROYGet Free Report) last released its earnings results on Monday, May 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $2.89 million during the quarter. Gold Royalty had a negative return on equity of 0.68% and a negative net margin of 484.60%. As a group, equities research analysts forecast that Gold Royalty will post -0.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. GSA Capital Partners LLP increased its holdings in shares of Gold Royalty by 70.9% during the first quarter. GSA Capital Partners LLP now owns 257,222 shares of the company’s stock worth $484,000 after purchasing an additional 106,700 shares during the period. Van ECK Associates Corp increased its holdings in shares of Gold Royalty by 0.9% during the first quarter. Van ECK Associates Corp now owns 5,953,677 shares of the company’s stock worth $11,193,000 after purchasing an additional 55,546 shares during the period. Austin Wealth Management LLC bought a new position in shares of Gold Royalty during the fourth quarter worth approximately $44,000. Peregrine Asset Advisers Inc. bought a new position in shares of Gold Royalty during the fourth quarter worth approximately $59,000. Finally, Gunderson Capital Management Inc. increased its holdings in shares of Gold Royalty by 85.7% during the fourth quarter. Gunderson Capital Management Inc. now owns 33,589 shares of the company’s stock worth $49,000 after purchasing an additional 15,500 shares during the period. 33.75% of the stock is owned by institutional investors.

Gold Royalty Company Profile

(Get Free Report)

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 returns for its investors.

See Also

Analyst Recommendations for Gold Royalty (NYSEAMERICAN:GROY)

Receive News & Ratings for Gold Royalty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold Royalty and related companies with MarketBeat.com's FREE daily email newsletter.