Gold Royalty Corp. (NYSEAMERICAN:GROY – Get Rating) – Equities researchers at Raymond James raised their FY2023 earnings per share estimates for Gold Royalty in a report issued on Wednesday, May 17th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of ($0.04) per share for the year, up from their prior estimate of ($0.05). Raymond James currently has a “Market Perform” rating and a $4.00 target price on the stock. The consensus estimate for Gold Royalty’s current full-year earnings is ($0.04) per share. Raymond James also issued estimates for Gold Royalty’s FY2024 earnings at ($0.01) EPS.
Gold Royalty (NYSEAMERICAN:GROY – Get Rating) last posted its quarterly earnings results on Tuesday, March 28th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The company had revenue of $0.58 million during the quarter.
Gold Royalty Price Performance
Gold Royalty stock opened at $2.08 on Monday. The company has a current ratio of 2.18, a quick ratio of 2.35 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $300.31 million, a price-to-earnings ratio of -20.80 and a beta of 0.96. Gold Royalty has a fifty-two week low of $1.99 and a fifty-two week high of $3.33.
Institutional Investors Weigh In On Gold Royalty
Several hedge funds and other institutional investors have recently bought and sold shares of GROY. Advisor Group Holdings Inc. grew its position in shares of Gold Royalty by 118.7% in the 4th quarter. Advisor Group Holdings Inc. now owns 15,310 shares of the company’s stock worth $35,000 after acquiring an additional 8,310 shares in the last quarter. Morgan Stanley boosted its position in Gold Royalty by 30.4% during the 4th quarter. Morgan Stanley now owns 42,506 shares of the company’s stock valued at $99,000 after purchasing an additional 9,917 shares during the period. Commonwealth Equity Services LLC boosted its position in Gold Royalty by 43.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 36,485 shares of the company’s stock valued at $92,000 after purchasing an additional 11,025 shares during the period. Gerber Kawasaki Wealth & Investment Management acquired a new position in Gold Royalty during the 4th quarter valued at approximately $27,000. Finally, Argent Trust Co acquired a new position in Gold Royalty during the 4th quarter valued at approximately $33,000. 15.04% of the stock is currently owned by hedge funds and other institutional investors.
About Gold Royalty
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.
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