Gold Royalty (NYSE:GROY) Price Target Cut to $5.50 by Analysts at HC Wainwright

Gold Royalty (NYSE:GROY) had its price objective cut by HC Wainwright from $5.75 to $5.50 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a buy rating on the stock. HC Wainwright also issued estimates for Gold Royalty’s FY2024 earnings at $0.00 EPS and FY2025 earnings at $0.05 EPS.

Gold Royalty Stock Performance

Shares of GROY opened at $1.42 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.69 and a quick ratio of 1.69. The company’s 50-day moving average is $1.37. Gold Royalty has a 52 week low of $1.17 and a 52 week high of $2.21. The firm has a market capitalization of $240.08 million, a price-to-earnings ratio of -10.92 and a beta of 0.94.

Gold Royalty (NYSE:GROY) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. Gold Royalty had a negative return on equity of 0.53% and a negative net margin of 381.76%. The firm had revenue of $2.06 million during the quarter. As a group, equities analysts forecast that Gold Royalty will post -0.03 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Oxbow Advisors LLC acquired a new stake in Gold Royalty during the third quarter valued at approximately $49,000. Bayshore Asset Management LLC acquired a new stake in Gold Royalty in the 3rd quarter valued at $61,000. AlphaQ Advisors LLC raised its stake in Gold Royalty by 62.2% during the second quarter. AlphaQ Advisors LLC now owns 84,260 shares of the company’s stock worth $119,000 after acquiring an additional 32,315 shares in the last quarter. Regal Partners Ltd lifted its holdings in shares of Gold Royalty by 101.9% during the second quarter. Regal Partners Ltd now owns 83,017 shares of the company’s stock valued at $120,000 after acquiring an additional 41,899 shares during the period. Finally, DiNuzzo Private Wealth Inc. acquired a new stake in shares of Gold Royalty in the 3rd quarter valued at $132,000. 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 returns for its investors.