Scotiabank Has Negative View of Gold Royalty FY2026 Earnings

Gold Royalty Corp. (NYSEAMERICAN:GROY) – Equities research analysts at Scotiabank cut their FY2026 earnings per share estimates for Gold Royalty in a research note issued on Wednesday, November 11th. Scotiabank analyst E. Winmill now anticipates that the company will post earnings per share of $0.05 for the year, down from their previous forecast of $0.06. The consensus estimate for Gold Royalty’s current full-year earnings is $0.05 per share.

A number of other brokerages have also recently issued reports on GROY. TD set a $4.00 target price on Gold Royalty and gave the stock a “buy” rating in a research report on Thursday, October 8th. TD Securities assumed coverage on shares of Gold Royalty in a report on Thursday, October 8th. They set a “buy” rating and a $4.00 price objective for the company. Zacks Research upgraded shares of Gold Royalty from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 5th. Finally, HC Wainwright dropped their target price on shares of Gold Royalty from $7.75 to $7.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. According to data from MarketBeat, Gold Royalty presently has a consensus rating of “Buy” and a consensus target price of $5.38.

Gold Royalty Stock Performance

Shares of GROY stock opened at $2.94 on Friday. The stock’s 50 day simple moving average is $3.06 and its 200 day simple moving average is $3.34. Gold Royalty has a twelve month low of $2.45 and a twelve month high of $5.45. The company has a market capitalization of $678.58 million, a price-to-earnings ratio of 73.52 and a beta of 1.15.

Gold Royalty (NYSEAMERICAN:GROY) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $10.25 million during the quarter, compared to the consensus estimate of $10.25 million. Gold Royalty had a return on equity of 1.24% and a net margin of 22.58%.

Hedge Funds Weigh In On Gold Royalty

A number of institutional investors and hedge funds have recently bought and sold shares of GROY. Kestra Advisory Services LLC boosted its holdings in Gold Royalty by 118.8% in the 1st quarter. Kestra Advisory Services LLC now owns 10,939 shares of the company’s stock valued at $39,000 after purchasing an additional 5,939 shares during the period. AXQ Capital LP acquired a new position in shares of Gold Royalty during the second quarter valued at about $29,000. NewEdge Advisors LLC acquired a new position in shares of Gold Royalty during the first quarter valued at about $40,000. First Trust Advisors LP acquired a new position in shares of Gold Royalty during the first quarter valued at about $43,000. Finally, TD Waterhouse Canada Inc. lifted its stake in shares of Gold Royalty by 147.0% in the third quarter. TD Waterhouse Canada Inc. now owns 20,380 shares of the company’s stock valued at $61,000 after buying an additional 12,128 shares during the period. Institutional investors own 33.75% of the company’s stock.

Gold Royalty Company Profile

Gold Royalty Corp. is a precious metals royalty company focused on acquiring and managing royalties and other interests in mining projects. Rather than operating mines itself, the company receives payments or other benefits tied to production or revenue from properties in its portfolio. Its interests are concentrated in the Americas, including projects in the United States, Canada and other parts of the region. The portfolio includes royalties on properties at different stages of development, from exploration and construction to production.