Gold Royalty (NYSEAMERICAN:GROY) Issues Earnings Results

Gold Royalty (NYSEAMERICAN:GROY) posted its earnings results on Wednesday. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01, FiscalAI reports. Gold Royalty had a net margin of 6.65% and a return on equity of 0.70%. The company had revenue of $7.93 million during the quarter, compared to analyst estimates of $8.34 million.

Gold Royalty Stock Up 5.1%

Shares of GROY stock traded up $0.14 on Friday, hitting $3.02. The stock had a trading volume of 2,078,576 shares, compared to its average volume of 2,586,206. Gold Royalty has a one year low of $2.45 and a one year high of $5.45. The business has a 50 day moving average price of $2.77 and a 200 day moving average price of $3.51. The company has a market cap of $695.89 million, a PE ratio of 301.80 and a beta of 0.94.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd increased its stake in shares of Gold Royalty by 363,800.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,278 shares of the company’s stock worth $29,000 after acquiring an additional 7,276 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Gold Royalty by 68.0% in the second quarter. Geneos Wealth Management Inc. now owns 16,800 shares of the company’s stock valued at $37,000 after purchasing an additional 6,800 shares during the period. Aptus Capital Advisors LLC acquired a new position in shares of Gold Royalty during the 4th quarter worth about $40,000. Commonwealth Equity Services LLC purchased a new position in Gold Royalty in the 4th quarter valued at about $41,000. Finally, Leigh Baldwin & CO. LLC purchased a new position in Gold Royalty in the 4th quarter valued at about $41,000. 33.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on GROY shares. HC Wainwright decreased their price objective on shares of Gold Royalty from $7.75 to $7.00 and set a “buy” rating for the company in a report on Thursday. Canaccord Genuity Group raised Gold Royalty from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research report on Wednesday, April 29th. Finally, Scotiabank lowered their price objective on Gold Royalty from $6.00 to $5.75 and set an “outperform” rating for the company in a research note on Tuesday, July 14th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Gold Royalty presently has an average rating of “Moderate Buy” and a consensus price target of $5.64.

Gold Royalty Company Profile

Gold Royalty Corp is a precious metals royalty and streaming company that focuses on acquiring and managing royalty interests in gold, silver and other metal assets. The company provides upfront funding to mining operators in exchange for a percentage of future metal production, offering an alternative financing model that can reduce capital requirements and accelerate development timelines for mining projects.

The firm’s diversified portfolio spans royalty and stream agreements across the Americas, with interests in operating mines, development‐stage assets and advanced exploration projects.