Gold Royalty (NYSEAMERICAN:GROY - Get Free Report)'s stock had its "buy" rating reissued by analysts at HC Wainwright in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $5.75 price target on the stock. HC Wainwright's target price indicates a potential upside of 187.50% from the company's previous close.
Gold Royalty Price Performance
Shares of GROY traded up $0.10 during mid-day trading on Tuesday, hitting $2.00. 533,630 shares of the company's stock were exchanged, compared to its average volume of 612,586. Gold Royalty has a fifty-two week low of $1.18 and a fifty-two week high of $2.37. The company has a market capitalization of $291.44 million, a price-to-earnings ratio of -11.22 and a beta of 1.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.44 and a current ratio of 1.44.
Gold Royalty (NYSEAMERICAN:GROY - Get Free Report) last announced its earnings results 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. Gold Royalty had a negative net margin of 877.82% and a negative return on equity of 0.75%. The business had revenue of $1.02 million during the quarter.
Institutional Investors Weigh In On Gold Royalty
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC increased its stake in shares of Gold Royalty by 15.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 64,039 shares of the company's stock worth $82,000 after purchasing an additional 8,697 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new position in shares of Gold Royalty during the 3rd quarter worth approximately $27,000. Rathbones Group PLC purchased a new position in shares of Gold Royalty during the 3rd quarter worth approximately $67,000. Gunderson Capital Management Inc. increased its stake in shares of Gold Royalty by 85.7% during the 4th quarter. Gunderson Capital Management Inc. now owns 33,589 shares of the company's stock worth $49,000 after purchasing an additional 15,500 shares in the last quarter. Finally, Austin Wealth Management LLC purchased a new position in shares of Gold Royalty during the 4th quarter worth approximately $44,000. 33.75% of the stock is currently owned by institutional investors and hedge funds.
Gold Royalty Company Profile
(
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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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