Gold Royalty Corp. (NYSEAMERICAN:GROY) Expected to Post Q3 2024 Earnings of $0.00 Per Share

Gold Royalty Corp. (NYSEAMERICAN:GROY) – Raymond James upped their Q3 2024 EPS estimates for Gold Royalty in a report released on Tuesday, April 23rd. Raymond James analyst B. Macarthur now forecasts that the company will earn $0.00 per share for the quarter, up from their prior forecast 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 reiterated a “buy” rating and set a $5.75 price target on shares of Gold Royalty in a report on Tuesday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $3.33.

Gold Royalty Trading Up 0.5 %

GROY stock opened at $2.00 on Thursday. Gold Royalty has a 52 week low of $1.18 and a 52 week high of $2.37. 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 earnings results on Wednesday, March 27th. The company reported $0.01 earnings per share for the quarter, topping 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 firm had revenue of $1.02 million during the quarter.

Institutional Trading of Gold Royalty

A number of institutional investors have recently made changes to their positions in GROY. Commonwealth Equity Services LLC boosted its position in shares of Gold Royalty by 15.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 64,039 shares of the company’s stock worth $82,000 after purchasing an additional 8,697 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new position in Gold Royalty in the 3rd quarter worth $27,000. Rathbones Group PLC purchased a new position in Gold Royalty in the 3rd quarter worth $67,000. Gunderson Capital Management Inc. raised its stake in Gold Royalty by 85.7% in the 4th 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 last quarter. Finally, Van ECK Associates Corp raised its stake in Gold Royalty by 9.8% in the 4th 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 last quarter. Institutional investors and hedge funds own 33.75% of the company’s stock.

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.