Brokerages Set Gold Royalty Corp. (NYSEAMERICAN:GROY) PT at $3.28

Gold Royalty Corp. (NYSEAMERICAN:GROY) has received a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on 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 reiterated a “buy” rating and issued a $5.75 target price on shares of Gold Royalty in a report on Tuesday, April 23rd.

Hedge Funds Weigh In On Gold Royalty

Large investors have recently made changes to their positions in the business. Austin Wealth Management LLC acquired a new position in shares of Gold Royalty in the fourth quarter worth $44,000. Peregrine Asset Advisers Inc. acquired a new position in Gold Royalty in the 4th quarter worth about $59,000. Van ECK Associates Corp raised its stake in shares of Gold Royalty by 9.8% during the 4th quarter. Van ECK Associates Corp now owns 5,898,131 shares of the company’s stock worth $8,670,000 after purchasing an additional 525,594 shares in the last quarter. Gunderson Capital Management Inc. lifted its holdings in shares of Gold Royalty by 85.7% during the 4th quarter. Gunderson Capital Management Inc. now owns 33,589 shares of the company’s stock valued at $49,000 after buying an additional 15,500 shares during the last quarter. Finally, Rathbones Group PLC bought a new stake in shares of Gold Royalty in the 3rd quarter valued at approximately $67,000. Institutional investors and hedge funds own 33.75% of the company’s stock.

Gold Royalty Price Performance

GROY stock opened at $2.15 on Tuesday. The company has a market cap of $313.30 million, a P/E ratio of -11.94 and a beta of 1.19. Gold Royalty has a 12 month low of $1.18 and a 12 month high of $2.37. 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 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%. As a group, research analysts expect that Gold Royalty will post 0.01 EPS for the current fiscal year.

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.