Gold Royalty Corp. (NYSEAMERICAN:GROY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Gold Royalty Corp. (NYSEAMERICAN:GROY) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $3.28.

Separately, HC Wainwright reiterated a “buy” rating and issued a $5.75 price objective on shares of Gold Royalty in a research note on Tuesday.

Gold Royalty Price Performance

Gold Royalty stock opened at $1.89 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $274.68 million, a PE ratio of -10.47 and a beta of 1.19. Gold Royalty has a fifty-two week low of $1.18 and a fifty-two week high of $2.37.

Gold Royalty (NYSEAMERICAN:GROY) last posted its quarterly earnings data on Wednesday, March 27th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.03. The firm had revenue of $1.02 million for the quarter. Gold Royalty had a negative net margin of 877.82% and a negative return on equity of 0.75%.

Institutional Investors Weigh In On Gold Royalty

Several hedge funds have recently modified their holdings of the business. Stratos Wealth Partners LTD. bought a new stake in shares of Gold Royalty in the 3rd quarter worth approximately $27,000. Austin Wealth Management LLC bought a new position in Gold Royalty in the fourth quarter worth $44,000. Gunderson Capital Management Inc. boosted its stake in Gold Royalty by 85.7% during the fourth quarter. Gunderson Capital Management Inc. now owns 33,589 shares of the company’s stock worth $49,000 after buying an additional 15,500 shares in the last quarter. Peregrine Asset Advisers Inc. bought a new stake in Gold Royalty in the 4th quarter valued at $59,000. Finally, Rathbones Group PLC acquired a new position in shares of Gold Royalty in the 3rd quarter valued at $67,000. 33.75% of the stock is owned by 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 attractive returns for its investors.