Brokers Set Expectations for Gold Royalty FY2024 Earnings

Gold Royalty Corp. (NYSE:GROY) – Equities researchers at HC Wainwright issued their FY2024 earnings estimates for Gold Royalty in a research report issued on Tuesday, November 5th. HC Wainwright analyst H. Ihle expects that the company will earn $0.00 per share for the year. HC Wainwright has a “Buy” rating and a $5.50 price target on the stock. The consensus estimate for Gold Royalty’s current full-year earnings is ($0.03) per share. HC Wainwright also issued estimates for Gold Royalty’s FY2025 earnings at $0.05 EPS.

Gold Royalty (NYSE:GROY) last issued its earnings results on Monday, November 4th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.03. Gold Royalty had a negative return on equity of 0.53% and a negative net margin of 381.76%. The business had revenue of $2.06 million for the quarter.

Gold Royalty Price Performance

NYSE GROY opened at $1.42 on Thursday. Gold Royalty has a 1-year low of $1.17 and a 1-year high of $2.21. The company has a 50-day moving average price of $1.37. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.09. The firm has a market cap of $240.08 million, a price-to-earnings ratio of -10.92 and a beta of 0.94.

Institutional Trading of Gold Royalty

A number of institutional investors have recently added to or reduced their stakes in the business. AlphaQ Advisors LLC boosted its position in shares of Gold Royalty by 62.2% in the second quarter. AlphaQ Advisors LLC now owns 84,260 shares of the company’s stock worth $119,000 after buying an additional 32,315 shares during the period. Van ECK Associates Corp boosted its holdings in Gold Royalty by 11.9% in the 2nd quarter. Van ECK Associates Corp now owns 6,662,679 shares of the company’s stock worth $9,394,000 after acquiring an additional 709,002 shares during the period. Regal Partners Ltd grew its position in Gold Royalty by 101.9% in the second quarter. Regal Partners Ltd now owns 83,017 shares of the company’s stock valued at $120,000 after acquiring an additional 41,899 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Gold Royalty during the second quarter valued at approximately $1,345,000. Finally, Marshall Wace LLP acquired a new position in shares of Gold Royalty during the second quarter worth $148,000. 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 returns for its investors.