Gold Royalty (NYSEAMERICAN:GROY) Issues Earnings Results, Beats Expectations By $0.01 EPS

Gold Royalty (NYSEAMERICAN:GROY) announced its quarterly earnings results on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01, Zacks reports. Gold Royalty had a return on equity of 0.68% and a net margin of 6.65%.

Gold Royalty Price Performance

GROY traded up $0.25 during trading hours on Wednesday, reaching $2.89. 2,797,291 shares of the stock traded hands, compared to its average volume of 2,338,809. The firm’s fifty day simple moving average is $3.10 and its two-hundred day simple moving average is $3.40. The company has a market cap of $667.04 million, a price-to-earnings ratio of 289.29 and a beta of 1.15. Gold Royalty has a fifty-two week low of $2.45 and a fifty-two week high of $5.45.

Analyst Upgrades and Downgrades

GROY has been the topic of a number of recent research reports. Scotiabank reduced their price objective on Gold Royalty from $6.00 to $5.75 and set an “outperform” rating on the stock in a research note on Tuesday, July 14th. TD set a $4.00 target price on Gold Royalty and gave the company a “buy” rating in a research note on Thursday, October 8th. HC Wainwright dropped their target price on Gold Royalty from $7.75 to $7.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Finally, TD Securities initiated coverage on Gold Royalty in a research report on Thursday, October 8th. They set a “buy” rating and a $4.00 price target on the stock. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $5.38.

Gold Royalty Company Profile

Gold Royalty Corp. is a precious-metals royalty and streaming company focused primarily on gold. Rather than operating mines directly, the company provides capital to mining companies in exchange for royalty interests, streams and other contractual rights tied to future production or revenue from mineral projects.

Gold Royalty’s portfolio includes interests in exploration, development and producing properties, with exposure concentrated in the Americas. Its assets span mining jurisdictions including Canada, the United States, Mexico and other countries in Latin America.