Gold Royalty (NYSEAMERICAN:GROY) Issues Earnings Results

Gold Royalty (NYSEAMERICAN:GROY) released its earnings results on Wednesday. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03, reports. Gold Royalty had a negative net margin of 367.25% and a negative return on equity of 1.56%. The company had revenue of $1.02 million for the quarter.

Gold Royalty Stock Down 5.5 %

Shares of Gold Royalty stock traded down $0.11 during trading on Friday, reaching $1.88. The company’s stock had a trading volume of 1,184,261 shares, compared to its average volume of 657,876. The company has a market cap of $273.95 million, a PE ratio of -26.86 and a beta of 1.16. Gold Royalty has a 12-month low of $1.18 and a 12-month high of $2.48. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.79 and a quick ratio of 1.79.

Analyst Ratings Changes

A number of research analysts recently weighed in on GROY shares. BMO Capital Markets cut their target price on shares of Gold Royalty from $3.50 to $3.00 and set a “market perform” rating for the company in a report on Thursday, December 7th. Raymond James dropped their price objective on shares of Gold Royalty from $3.50 to $3.00 and set a “market perform” rating for the company in a research note on Friday, December 1st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Gold Royalty presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.28.

Hedge Funds Weigh In On Gold Royalty

A number of institutional investors have recently made changes to their positions in GROY. Renaissance Technologies LLC grew its holdings in shares of Gold Royalty by 244.3% during the 2nd quarter. Renaissance Technologies LLC now owns 766,200 shares of the company’s stock worth $1,356,000 after purchasing an additional 543,686 shares during the period. Van ECK Associates Corp lifted its position 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 valued at $8,670,000 after buying an additional 525,594 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Gold Royalty during the first quarter worth approximately $396,000. Amundi increased its position in shares of Gold Royalty by 23.9% in the fourth quarter. Amundi now owns 913,904 shares of the company’s stock worth $2,285,000 after acquiring an additional 176,560 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Gold Royalty in the 4th quarter valued at $221,000. 33.75% of the stock is owned by institutional investors and hedge funds.

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.