Research Analysts Set Expectations for Gold Royalty Corp.’s FY2024 Earnings (NYSEAMERICAN:GROY)

Gold Royalty Corp. (NYSEAMERICAN:GROY) – National Bank Financial decreased their FY2024 EPS estimates for shares of Gold Royalty in a report issued on Tuesday, May 14th. National Bank Financial analyst S. Nagle now expects that the company will post earnings of ($0.05) per share for the year, down from their prior estimate of ($0.03). The consensus estimate for Gold Royalty’s current full-year earnings is $0.01 per share. National Bank Financial also issued estimates for Gold Royalty’s FY2025 earnings at ($0.04) EPS and FY2026 earnings at ($0.04) EPS.

Gold Royalty (NYSEAMERICAN:GROY) last announced its earnings results on Monday, May 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. Gold Royalty had a negative return on equity of 0.68% and a negative net margin of 484.60%. The firm had revenue of $2.89 million during the quarter.

GROY has been the subject of several other reports. Raymond James decreased their price target on shares of Gold Royalty from $3.00 to $2.75 and set a “market perform” rating for the company in a research note on Wednesday. HC Wainwright reiterated a “buy” rating and set a $5.75 target price on shares of Gold Royalty in a report on Wednesday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $3.28.

Gold Royalty Price Performance

Shares of Gold Royalty stock opened at $1.84 on Friday. Gold Royalty has a 12 month low of $1.18 and a 12 month high of $2.21. The firm has a market cap of $268.12 million, a price-to-earnings ratio of -10.82 and a beta of 1.11. The company has a quick ratio of 1.44, a current ratio of 1.41 and a debt-to-equity ratio of 0.06.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC increased its position in shares of Gold Royalty by 15.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 64,039 shares of the company’s stock valued at $82,000 after purchasing an additional 8,697 shares during the last quarter. Gunderson Capital Management Inc. raised its position in Gold Royalty by 85.7% in the fourth 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 period. Austin Wealth Management LLC purchased a new position in shares of Gold Royalty during the 4th quarter worth $44,000. Peregrine Asset Advisers Inc. purchased a new stake in shares of Gold Royalty in the 4th quarter worth $59,000. Finally, Rathbones Group PLC purchased a new stake in shares of Gold Royalty in the 3rd quarter worth $67,000. Hedge funds and other 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 returns for its investors.