Equities Analysts Issue Forecasts for Gold Royalty Corp.’s Q3 2024 Earnings (NYSEAMERICAN:GROY)

Gold Royalty Corp. (NYSEAMERICAN:GROY) – Stock analysts at Raymond James upped their Q3 2024 earnings per share (EPS) estimates for Gold Royalty in a research report issued on Tuesday, April 23rd. Raymond James analyst B. Macarthur now expects that the company will post earnings of $0.00 per share for the quarter, up from their previous estimate of ($0.01). The consensus estimate for Gold Royalty’s current full-year earnings is $0.01 per share. Raymond James also issued estimates for Gold Royalty’s Q4 2024 earnings at $0.00 EPS.

Separately, HC Wainwright reissued a “buy” rating and set a $5.75 price objective on shares of Gold Royalty in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $3.33.

Gold Royalty Stock Performance

Shares of Gold Royalty stock opened at $2.16 on Thursday. Gold Royalty has a 52-week low of $1.18 and a 52-week high of $2.37. The company has a market capitalization of $314.76 million, a PE ratio of -12.00 and a beta of 1.19. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.06.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC increased its position in shares of Gold Royalty by 15.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 64,039 shares of the company’s stock valued at $82,000 after purchasing an additional 8,697 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new position in shares of Gold Royalty in the third quarter valued at about $27,000. Rathbones Group PLC acquired a new position in shares of Gold Royalty in the third quarter valued at about $67,000. 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 acquiring an additional 15,500 shares during the period. Finally, Van ECK Associates Corp grew its holdings in Gold Royalty by 9.8% during the fourth 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. 33.75% of the stock is owned by hedge funds and other institutional investors.

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.