Gold Royalty (NYSE:GROY) Announces Quarterly Earnings Results

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

Gold Royalty Price Performance

NYSE GROY traded down $0.07 on Wednesday, reaching $1.37. The stock had a trading volume of 712,205 shares, compared to its average volume of 912,813. Gold Royalty has a 1-year low of $1.17 and a 1-year high of $2.21. 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 $231.63 million, a P/E ratio of -8.62 and a beta of 0.94. The stock’s fifty day moving average is $1.37.

Analysts Set New Price Targets

Separately, HC Wainwright dropped their target price on shares of Gold Royalty from $5.75 to $5.50 and set a “buy” rating on the stock 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.