HC Wainwright Reiterates “Buy” Rating for Gold Royalty (NYSEAMERICAN:GROY)

HC Wainwright reiterated their buy rating on shares of Gold Royalty (NYSEAMERICAN:GROY) in a report published on Tuesday morning, Benzinga reports. HC Wainwright currently has a $5.75 price target on the stock. HC Wainwright also issued estimates for Gold Royalty’s FY2024 earnings at ($0.02) EPS and FY2025 earnings at $0.00 EPS.

Gold Royalty Price Performance

Shares of NYSEAMERICAN:GROY opened at $2.16 on Tuesday. Gold Royalty has a 12 month low of $1.18 and a 12 month 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. The company has a market cap of $314.76 million, a P/E ratio of -12.00 and a beta of 1.19.

Gold Royalty (NYSEAMERICAN:GROY) last announced its earnings results on Wednesday, March 27th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. The company had revenue of $1.02 million during the quarter. Gold Royalty had a negative net margin of 877.82% and a negative return on equity of 0.75%. Research analysts forecast that Gold Royalty will post 0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Gold Royalty

A number of institutional investors and hedge funds have recently bought and sold shares of GROY. Stratos Wealth Partners LTD. bought a new stake in shares of Gold Royalty during the third quarter worth $27,000. Austin Wealth Management LLC acquired a new position in Gold Royalty in the fourth quarter valued at about $44,000. Gunderson Capital Management Inc. boosted its holdings in Gold Royalty by 85.7% during the fourth quarter. Gunderson Capital Management Inc. now owns 33,589 shares of the company’s stock worth $49,000 after buying an additional 15,500 shares during the last quarter. Peregrine Asset Advisers Inc. acquired a new position in shares of Gold Royalty during the 4th quarter worth about $59,000. Finally, Rathbones Group PLC bought a new stake in shares of Gold Royalty in the 3rd quarter valued at about $67,000. Institutional investors own 33.75% of the company’s stock.

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.