Gold Royalty Corp. (NYSEAMERICAN:GROY) to Post FY2024 Earnings of ($0.02) Per Share, HC Wainwright Forecasts

Gold Royalty Corp. (NYSEAMERICAN:GROY) – HC Wainwright issued their FY2024 earnings estimates for shares of Gold Royalty in a research report issued on Tuesday, April 23rd. HC Wainwright analyst H. Ihle expects that the company will earn ($0.02) per share for the year. HC Wainwright has a “Buy” rating and a $5.75 price target on the stock. The consensus estimate for Gold Royalty’s current full-year earnings is $0.01 per share.

Gold Royalty Trading Up 5.3 %

NYSEAMERICAN GROY opened at $2.00 on Wednesday. Gold Royalty has a 12 month low of $1.18 and a 12 month high of $2.37. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.44 and a quick ratio of 1.44.

Gold Royalty (NYSEAMERICAN:GROY) last posted its earnings results on Wednesday, March 27th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The firm had revenue of $1.02 million for the quarter. Gold Royalty had a negative net margin of 877.82% and a negative return on equity of 0.75%.

Institutional Investors Weigh In On Gold Royalty

Several large investors have recently added to or reduced their stakes in the business. Austin Wealth Management LLC bought a new stake in Gold Royalty in the fourth quarter valued at $44,000. Peregrine Asset Advisers Inc. acquired a new position in Gold Royalty during the fourth quarter worth $59,000. Van ECK Associates Corp increased its holdings in Gold Royalty by 9.8% during the 4th quarter. Van ECK Associates Corp now owns 5,898,131 shares of the company’s stock worth $8,670,000 after purchasing an additional 525,594 shares in the last quarter. Gunderson Capital Management Inc. grew its holdings in Gold Royalty by 85.7% during the fourth quarter. Gunderson Capital Management Inc. now owns 33,589 shares of the company’s stock worth $49,000 after buying an additional 15,500 shares in the last quarter. Finally, Rathbones Group PLC purchased a new stake in Gold Royalty in the 3rd quarter valued at $67,000. Institutional investors and hedge funds own 33.75% of the company’s stock.

Gold Royalty Company Profile

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.