Gold Royalty Corp. (NYSEAMERICAN:GROY) Given Average Rating of “Moderate Buy” by Brokerages

Gold Royalty Corp. (NYSEAMERICAN:GROY) has earned an average rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $3.28.

GROY has been the topic of a number of analyst reports. HC Wainwright reiterated a “buy” rating and set a $5.75 price objective on shares of Gold Royalty in a research note on Wednesday, May 15th. Raymond James dropped their price target on shares of Gold Royalty from $3.00 to $2.75 and set a “market perform” rating on the stock in a research note on Wednesday, May 15th.

Gold Royalty Trading Up 1.1 %

NYSEAMERICAN:GROY opened at $1.92 on Friday. The firm has a market capitalization of $279.78 million, a price-to-earnings ratio of -11.29 and a beta of 1.11. Gold Royalty has a 1 year low of $1.18 and a 1 year high of $2.21. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.41 and a quick ratio of 1.41.

Gold Royalty (NYSEAMERICAN:GROY) last posted its quarterly earnings data on Monday, May 13th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Gold Royalty had a negative return on equity of 0.68% and a negative net margin of 484.60%. The business had revenue of $2.89 million for the quarter. Equities analysts anticipate that Gold Royalty will post -0.03 earnings per share for the current year.

Institutional Trading of Gold Royalty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Austin Wealth Management LLC bought a new stake in Gold Royalty during the 4th quarter worth about $44,000. Gunderson Capital Management Inc. raised its position in Gold Royalty by 85.7% in the 4th quarter. Gunderson Capital Management Inc. now owns 33,589 shares of the company’s stock worth $49,000 after purchasing an additional 15,500 shares during the last quarter. Peregrine Asset Advisers Inc. acquired a new position in Gold Royalty during the 4th quarter worth $59,000. Rathbones Group PLC bought a new position in Gold Royalty in the 3rd quarter valued at $67,000. Finally, Commonwealth Equity Services LLC increased its stake in shares of Gold Royalty by 15.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 64,039 shares of the company’s stock valued at $82,000 after buying an additional 8,697 shares during the period. Institutional investors 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.