Gold Royalty FY2024 EPS Lifted by National Bank Financial

Gold Royalty Corp. (NYSE:GROY) – Research analysts at National Bank Financial lifted their FY2024 earnings per share (EPS) estimates for Gold Royalty in a research note issued on Tuesday, November 5th. National Bank Financial analyst S. Nagle now expects that the company will post earnings of $0.00 per share for the year, up from their previous forecast of ($0.04). The consensus estimate for Gold Royalty’s current full-year earnings is ($0.03) per share. National Bank Financial also issued estimates for Gold Royalty’s FY2025 earnings at ($0.01) EPS and FY2026 earnings at $0.00 EPS.

Gold Royalty (NYSE:GROY) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. Gold Royalty had a negative return on equity of 0.53% and a negative net margin of 381.76%. The firm had revenue of $2.06 million for the quarter.

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

Gold Royalty Stock Performance

GROY opened at $1.42 on Friday. The business’s fifty day moving average price is $1.37. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market capitalization of $240.08 million, a P/E ratio of -10.92 and a beta of 0.94. Gold Royalty has a one year low of $1.17 and a one year high of $2.21.

Institutional Investors Weigh In On Gold Royalty

Several institutional investors and hedge funds have recently modified their holdings of GROY. Oxbow Advisors LLC acquired a new stake in shares of Gold Royalty during the 3rd quarter worth approximately $49,000. Bayshore Asset Management LLC bought a new stake in shares of Gold Royalty during the 3rd quarter worth $61,000. AlphaQ Advisors LLC boosted its stake in shares of Gold Royalty by 62.2% during the 2nd quarter. AlphaQ Advisors LLC now owns 84,260 shares of the company’s stock worth $119,000 after acquiring an additional 32,315 shares in the last quarter. Regal Partners Ltd boosted its position in shares of Gold Royalty by 101.9% in the second quarter. Regal Partners Ltd now owns 83,017 shares of the company’s stock worth $120,000 after buying an additional 41,899 shares during the period. Finally, DiNuzzo Private Wealth Inc. acquired a new stake in shares of Gold Royalty in the third quarter worth $132,000. Hedge funds and other institutional investors own 33.75% of the company’s stock.

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.