Gold Royalty's (GROY) "Buy" Rating Reaffirmed at HC Wainwright

Gold Royalty (NYSEAMERICAN:GROY - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at HC Wainwright in a note issued to investors on Wednesday, Benzinga reports. They presently have a $5.75 price target on the stock. HC Wainwright's target price points to a potential upside of 207.49% from the company's previous close.

Gold Royalty Stock Up 5.1 %

Shares of NYSEAMERICAN GROY traded up $0.09 during midday trading on Wednesday, reaching $1.87. 627,367 shares of the company traded hands, compared to its average volume of 630,907. 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 has a 12 month low of $1.18 and a 12 month high of $2.21. The stock has a market cap of $272.50 million, a PE ratio of -10.85 and a beta of 1.11.

Gold Royalty (NYSEAMERICAN:GROY - Get Free Report) last announced its earnings results on Monday, May 13th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. Gold Royalty had a negative return on equity of 0.68% and a negative net margin of 484.60%. The business had revenue of $2.89 million for the quarter. As a group, equities research analysts expect that Gold Royalty will post 0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gold Royalty

Several institutional investors and hedge funds have recently modified their holdings of the business. Austin Wealth Management LLC acquired a new stake in shares of Gold Royalty in the 4th quarter valued at approximately $44,000. Gunderson Capital Management Inc. raised its holdings in Gold Royalty by 85.7% in the 4th quarter. Gunderson Capital Management Inc. now owns 33,589 shares of the company's stock valued at $49,000 after acquiring an additional 15,500 shares during the period. Peregrine Asset Advisers Inc. acquired a new position in Gold Royalty in the 4th quarter valued at $59,000. Rathbones Group PLC bought a new position in Gold Royalty during the 3rd quarter worth $67,000. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Gold Royalty by 15.7% during the third quarter. Commonwealth Equity Services LLC now owns 64,039 shares of the company's stock worth $82,000 after buying an additional 8,697 shares in the last quarter. 33.75% of the stock is currently owned by institutional investors and hedge funds.

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.