Gold Royalty (NYSE:GROY) Announces Earnings Results

Gold Royalty (NYSE:GROY) released its earnings results on Monday. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.03, Zacks reports. The business had revenue of $2.06 million during the quarter. Gold Royalty had a negative return on equity of 0.53% and a negative net margin of 381.76%.

Gold Royalty Trading Down 4.9 %

Shares of Gold Royalty stock traded down $0.07 during trading on Wednesday, hitting $1.37. 685,115 shares of the stock traded hands, compared to its average volume of 912,716. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.09. The firm’s fifty day moving average is $1.37. The stock has a market cap of $231.63 million, a price-to-earnings ratio of -8.62 and a beta of 0.94. Gold Royalty has a 52-week low of $1.17 and a 52-week high of $2.21.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright decreased their price objective on shares of Gold Royalty from $5.75 to $5.50 and set a “buy” rating for the company in a report on Tuesday.

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 returns for its investors.