Gold Royalty (NYSEAMERICAN:GROY) Announces Earnings Results

Gold Royalty (NYSEAMERICAN:GROY) announced its quarterly earnings results on Wednesday. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01, FiscalAI reports. The firm had revenue of $7.93 million for the quarter, compared to the consensus estimate of $8.34 million. Gold Royalty had a positive return on equity of 0.44% and a negative net margin of 5.65%.

Gold Royalty Stock Up 7.4%

Shares of Gold Royalty stock traded up $0.20 during trading on Wednesday, reaching $2.89. The company’s stock had a trading volume of 3,430,185 shares, compared to its average volume of 2,590,420. The firm has a market cap of $667.04 million, a PE ratio of -17.00 and a beta of 0.94. Gold Royalty has a 52 week low of $2.45 and a 52 week high of $5.45. The business’s 50-day moving average price is $2.78 and its 200-day moving average price is $3.54.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GROY. HC Wainwright lifted their target price on Gold Royalty from $6.75 to $7.75 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Scotiabank dropped their price target on Gold Royalty from $6.00 to $5.75 and set an “outperform” rating on the stock in a research note on Tuesday, July 14th. Finally, Canaccord Genuity Group raised Gold Royalty from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a report on Wednesday, April 29th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $5.75.

Institutional Trading of Gold Royalty

A number of institutional investors have recently modified their holdings of GROY. Regal Partners Ltd lifted its position in Gold Royalty by 22,977.8% during the fourth quarter. Regal Partners Ltd now owns 5,712,223 shares of the company’s stock worth $23,534,000 after purchasing an additional 5,687,471 shares during the period. Mudita Advisors LLP bought a new position in Gold Royalty in the 4th quarter valued at approximately $8,484,000. Amundi boosted its holdings in shares of Gold Royalty by 300.0% during the 2nd quarter. Amundi now owns 2,000,000 shares of the company’s stock valued at $4,520,000 after acquiring an additional 1,500,000 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in shares of Gold Royalty during the fourth quarter valued at about $4,684,000. Finally, JPMorgan Chase & Co. boosted its position in Gold Royalty by 1,918.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,042,141 shares of the company’s stock worth $2,303,000 after buying an additional 990,515 shares during the period. 33.75% of the stock is currently owned by institutional investors.

Gold Royalty Company Profile

Gold Royalty Corp is a precious metals royalty and streaming company that focuses on acquiring and managing royalty interests in gold, silver and other metal assets. The company provides upfront funding to mining operators in exchange for a percentage of future metal production, offering an alternative financing model that can reduce capital requirements and accelerate development timelines for mining projects.

The firm’s diversified portfolio spans royalty and stream agreements across the Americas, with interests in operating mines, development‐stage assets and advanced exploration projects.