Gold Royalty (NYSEAMERICAN:GROY) Releases Earnings Results, Beats Expectations By $0.03 EPS

Gold Royalty (NYSEAMERICAN:GROY) issued its quarterly earnings results on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03, reports. The company had revenue of $1.02 million during the quarter. Gold Royalty had a negative net margin of 877.82% and a negative return on equity of 0.75%.

Gold Royalty Trading Down 5.5 %

Shares of NYSEAMERICAN GROY traded down $0.11 during trading on Friday, hitting $1.88. The company had a trading volume of 1,184,261 shares, compared to its average volume of 695,830. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.03. Gold Royalty has a 12 month low of $1.18 and a 12 month high of $2.48.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GROY. Austin Wealth Management LLC bought a new stake in Gold Royalty during the 4th quarter valued at approximately $44,000. GSA Capital Partners LLP bought a new stake in shares of Gold Royalty during the fourth quarter valued at approximately $221,000. Verition Fund Management LLC purchased a new position in shares of Gold Royalty in the fourth quarter worth $50,000. Peregrine Asset Advisers Inc. bought a new position in shares of Gold Royalty during the fourth quarter worth $59,000. Finally, Van ECK Associates Corp grew its stake 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 acquiring an additional 525,594 shares in the last quarter. Hedge funds and other institutional investors own 33.75% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on GROY. BMO Capital Markets reduced their price target on 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 target price on shares of Gold Royalty from $3.50 to $3.00 and set a “market perform” rating on the stock in a research note on Friday, December 1st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $3.28.

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.