Gold Royalty (NYSE:GROY) Given New $5.50 Price Target at HC Wainwright

Gold Royalty (NYSE:GROY) had its price objective reduced by HC Wainwright from $5.75 to $5.50 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the stock. HC Wainwright also issued estimates for Gold Royalty’s FY2024 earnings at $0.00 EPS and FY2025 earnings at $0.05 EPS.

Gold Royalty Stock Up 1.4 %

Shares of NYSE:GROY traded up $0.02 on Tuesday, hitting $1.43. The company had a trading volume of 508,029 shares, compared to its average volume of 910,950. The stock’s 50-day moving average is $1.37. The company has a market cap of $241.77 million, a price-to-earnings ratio of -10.92 and a beta of 0.94. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.09. Gold Royalty has a 1 year low of $1.17 and a 1 year high of $2.21.

Gold Royalty (NYSE:GROY) last released its quarterly earnings results on Monday, November 4th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The company had revenue of $2.06 million during the quarter. Gold Royalty had a negative net margin of 381.76% and a negative return on equity of 0.53%. Equities research analysts anticipate that Gold Royalty will post -0.03 EPS for the current year.

Institutional Investors Weigh In On Gold Royalty

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

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.