Gold Royalty (NYSEAMERICAN:GROY) Shares Up 2.1% – Time to Buy?

Shares of Gold Royalty Corp. (NYSEAMERICAN:GROY) shot up 2.1% during mid-day trading on Tuesday . The stock traded as high as $1.44 and last traded at $1.44. 667,176 shares were traded during trading, a decline of 27% from the average session volume of 913,805 shares. The stock had previously closed at $1.41.

Gold Royalty Trading Up 2.1 %

The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.06. The firm has a market cap of $209.84 million, a P/E ratio of -8.47 and a beta of 1.02.

Gold Royalty (NYSEAMERICAN:GROY) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). Gold Royalty had a negative return on equity of 0.68% and a negative net margin of 484.60%. The business had revenue of $1.79 million during the quarter. On average, sell-side analysts predict that Gold Royalty Corp. will post -0.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Gold Royalty

An institutional investor recently raised its position in Gold Royalty stock. GSA Capital Partners LLP grew its stake in shares of Gold Royalty Corp. (NYSEAMERICAN:GROY) by 70.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 257,222 shares of the company’s stock after acquiring an additional 106,700 shares during the period. GSA Capital Partners LLP owned 0.18% of Gold Royalty worth $484,000 as of its most recent SEC filing. 33.75% of the stock is owned by 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 returns for its investors.