Gold Royalty Corp. (NYSEAMERICAN:GROY) Given Consensus Rating of "Moderate Buy" by Analysts

Gold Royalty Corp. (NYSEAMERICAN:GROY - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $3.28.

A number of research analysts recently issued reports on the company. HC Wainwright reduced their price objective on Gold Royalty from $8.75 to $5.50 and set a "buy" rating for the company in a research report on Thursday, November 16th. Scotiabank reduced their price target on Gold Royalty from $3.00 to $2.75 in a research report on Tuesday, October 3rd. BMO Capital Markets dropped their price objective on Gold Royalty from $3.50 to $3.00 and set a "market perform" rating on the stock in a research note on Thursday, December 7th. Finally, Raymond James dropped their price objective on Gold Royalty from $3.50 to $3.00 and set a "market perform" rating on the stock in a research note on Friday, December 1st.

Institutional Trading of Gold Royalty

Several large investors have recently made changes to their positions in GROY. Bank of America Corp DE raised its holdings in Gold Royalty by 224.2% in the 1st quarter. Bank of America Corp DE now owns 91,327 shares of the company's stock valued at $376,000 after acquiring an additional 63,161 shares in the last quarter. Millennium Management LLC acquired a new position in Gold Royalty in the 2nd quarter valued at approximately $39,000. Cubist Systematic Strategies LLC acquired a new position in Gold Royalty in the 2nd quarter valued at approximately $182,000. Renaissance Technologies LLC acquired a new position in shares of Gold Royalty in the 3rd quarter worth approximately $342,000. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Gold Royalty by 43.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 36,485 shares of the company's stock worth $92,000 after buying an additional 11,025 shares in the last quarter. Institutional investors own 8.00% of the company's stock.

Gold Royalty Stock Performance

GROY stock opened at $1.35 on Friday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.03. Gold Royalty has a 1 year low of $1.18 and a 1 year high of $2.50. The stock has a market capitalization of $195.71 million, a PE ratio of -19.29 and a beta of 1.06.

Gold Royalty (NYSEAMERICAN:GROY - Get Free Report) last issued its quarterly earnings data on Wednesday, November 15th. The company reported ($0.01) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.01). Gold Royalty had a negative return on equity of 1.56% and a negative net margin of 367.25%. The firm had revenue of $0.80 million during the quarter. On average, research analysts expect that Gold Royalty will post -0.05 earnings per share for the current fiscal year.

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.

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