Gold Royalty FY2025 EPS Forecast Decreased by HC Wainwright

Gold Royalty Corp. (NYSE:GROY) – Equities researchers at HC Wainwright dropped their FY2025 earnings estimates for Gold Royalty in a note issued to investors on Thursday, August 7th. HC Wainwright analyst H. Ihle now anticipates that the company will earn $0.00 per share for the year, down from their previous estimate of $0.01. HC Wainwright currently has a “Buy” rating and a $6.25 target price on the stock. The consensus estimate for Gold Royalty’s current full-year earnings is ($0.01) per share.

Several other brokerages also recently weighed in on GROY. Canaccord Genuity Group initiated coverage on shares of Gold Royalty in a research note on Wednesday, June 11th. They issued a “buy” rating and a $3.00 target price on the stock. Scotiabank set a $2.50 target price on shares of Gold Royalty and gave the company an “outperform” rating in a research note on Friday, June 13th. Finally, National Bankshares reissued an “outperform” rating on shares of Gold Royalty in a research note on Wednesday, July 16th.

Gold Royalty Trading Up 4.9%

Shares of GROY opened at $3.23 on Friday. Gold Royalty has a twelve month low of $1.16 and a twelve month high of $3.26. The company has a market cap of $550.62 million, a P/E ratio of -24.85 and a beta of 0.96. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.09. The company’s fifty day simple moving average is $2.39 and its 200-day simple moving average is $1.79.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Total Wealth Planning & Management Inc. bought a new position in shares of Gold Royalty in the fourth quarter worth about $31,000. PFG Investments LLC bought a new position in shares of Gold Royalty in the second quarter worth about $43,000. Cubist Systematic Strategies LLC bought a new position in shares of Gold Royalty in the fourth quarter worth about $46,000. Two Sigma Securities LLC bought a new position in shares of Gold Royalty in the fourth quarter worth about $51,000. Finally, Focus Partners Advisor Solutions LLC bought a new position in shares of Gold Royalty in the fourth quarter worth about $54,000. 33.75% of the stock is currently owned by institutional investors.

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.