Gold Royalty Corp. (NYSEAMERICAN:GROY) Receives $3.28 Consensus Target Price from Brokerages

Gold Royalty Corp. (NYSEAMERICAN:GROY) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $3.33.

Separately, HC Wainwright reissued a “buy” rating and issued a $5.75 target price on shares of Gold Royalty in a report on Tuesday.

Gold Royalty Price Performance

GROY opened at $2.10 on Tuesday. Gold Royalty has a 12 month low of $1.18 and a 12 month high of $2.37. The firm has a market cap of $306.01 million, a P/E ratio of -11.67 and a beta of 1.19. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.06.

Gold Royalty (NYSEAMERICAN:GROY) last released its quarterly earnings data on Wednesday, March 27th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.03. The business had revenue of $1.02 million during the quarter. Gold Royalty had a negative return on equity of 0.75% and a negative net margin of 877.82%. Research analysts anticipate that Gold Royalty will post 0.01 EPS for the current year.

Hedge Funds Weigh In On Gold Royalty

Several institutional investors and hedge funds have recently added to or reduced their stakes in GROY. Austin Wealth Management LLC acquired a new stake in shares of Gold Royalty in the 4th quarter worth approximately $44,000. Peregrine Asset Advisers Inc. acquired a new stake in shares of Gold Royalty in the 4th quarter worth approximately $59,000. Van ECK Associates Corp grew its holdings in shares of Gold Royalty by 9.8% in the 4th quarter. Van ECK Associates Corp now owns 5,898,131 shares of the company’s stock worth $8,670,000 after acquiring an additional 525,594 shares during the period. Gunderson Capital Management Inc. grew its holdings in shares of 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 acquiring an additional 15,500 shares during the period. Finally, Rathbones Group PLC acquired a new stake in shares of Gold Royalty in the 3rd quarter worth approximately $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.