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

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

Gold Royalty Stock Down 5.5 %

NYSEAMERICAN:GROY traded down $0.11 during mid-day 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 695,830. Gold Royalty has a twelve month low of $1.18 and a twelve 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.

Institutional Investors Weigh In On Gold Royalty

Hedge funds have recently modified their holdings of the stock. Stratos Wealth Partners LTD. bought a new stake in shares of Gold Royalty in the 3rd quarter worth $27,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Gold Royalty during the second quarter worth $32,000. Advisor Group Holdings Inc. raised its position in shares of Gold Royalty by 118.7% during the fourth quarter. Advisor Group Holdings Inc. now owns 15,310 shares of the company’s stock worth $35,000 after purchasing an additional 8,310 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Gold Royalty during the second quarter worth $37,000. Finally, Millennium Management LLC acquired a new stake in shares of Gold Royalty during the second quarter worth $39,000. 33.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GROY. Raymond James lowered their target price on Gold Royalty from $3.50 to $3.00 and set a “market perform” rating for the company in a report on Friday, December 1st. BMO Capital Markets cut 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 Thursday, December 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.