Q4 2023 EPS Estimates for Gold Royalty Corp. Reduced by National Bank Financial (NYSEAMERICAN:GROY)

Gold Royalty Corp. (NYSEAMERICAN:GROYFree Report) – Equities researchers at National Bank Financial lowered their Q4 2023 earnings per share (EPS) estimates for Gold Royalty in a research report issued on Monday, February 5th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings per share of ($0.02) for the quarter, down from their prior forecast of ($0.01). The consensus estimate for Gold Royalty’s current full-year earnings is ($0.05) per share. National Bank Financial also issued estimates for Gold Royalty’s FY2024 earnings at ($0.07) EPS.

GROY has been the topic of a number of other research reports. Raymond James 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 Friday, December 1st. BMO Capital Markets lowered their target price on Gold Royalty from $3.50 to $3.00 and set a “market perform” rating for the company in a research note on Thursday, December 7th. Finally, HC Wainwright reduced their price target on Gold Royalty from $8.75 to $5.50 and set a “buy” rating on the stock in a research report on Thursday, November 16th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $3.28.

Check Out Our Latest Stock Analysis on GROY

Gold Royalty Stock Performance

Gold Royalty stock opened at $1.35 on Thursday. Gold Royalty has a 52 week low of $1.18 and a 52 week high of $2.48. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.03.

Gold Royalty (NYSEAMERICAN:GROYGet Free Report) last released its quarterly earnings results on Wednesday, November 15th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $0.80 million for the quarter. Gold Royalty had a negative net margin of 367.25% and a negative return on equity of 1.56%.

Institutional Trading of Gold Royalty

A number of large investors have recently added to or reduced their stakes in the business. Bank of Montreal Can purchased a new stake in shares of Gold Royalty in the second quarter valued at $4,922,000. Commonwealth Equity Services LLC increased its stake in 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. Stratos Wealth Partners LTD. purchased a new stake in Gold Royalty in the 3rd quarter worth approximately $27,000. National Bank of Canada FI acquired a new stake in shares of Gold Royalty during the 2nd quarter valued at $115,000. Finally, Millennium Management LLC purchased a new position in Gold Royalty in the second quarter valued at about $39,000. 8.00% of the stock is currently owned by institutional investors.

Gold Royalty Company Profile

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Gold Royalty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gold Royalty and related companies with MarketBeat.com's FREE daily email newsletter.