HC Wainwright Estimates Gold Royalty FY2024 Earnings

Gold Royalty Corp. (NYSE:GROY) – Investment analysts at HC Wainwright issued their FY2024 earnings per share (EPS) estimates for Gold Royalty in a report issued on Tuesday, November 5th. HC Wainwright analyst H. Ihle anticipates that the company will earn $0.00 per share for the year. HC Wainwright has a “Buy” rating and a $5.50 price target on the stock. The consensus estimate for Gold Royalty’s current full-year earnings is ($0.03) per share. HC Wainwright also issued estimates for Gold Royalty’s FY2025 earnings at $0.05 EPS.

Gold Royalty (NYSE:GROY) last released its quarterly earnings data on Monday, November 4th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $2.06 million for the quarter. Gold Royalty had a negative net margin of 381.76% and a negative return on equity of 0.53%.

Gold Royalty Stock Performance

Shares of GROY opened at $1.37 on Thursday. The stock’s 50-day moving average is $1.37. The firm has a market cap of $230.78 million, a P/E ratio of -8.53 and a beta of 0.94. Gold Royalty has a fifty-two week low of $1.17 and a fifty-two week high of $2.21. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.69 and a quick ratio of 1.69.

Institutional Trading of Gold Royalty

Several hedge funds and other institutional investors have recently bought and sold shares of GROY. Renaissance Technologies LLC purchased a new stake in Gold Royalty in the 2nd quarter worth approximately $1,345,000. Ghisallo Capital Management LLC acquired a new position in shares of Gold Royalty in the 2nd quarter valued at $705,000. Van ECK Associates Corp boosted its holdings in Gold Royalty by 11.9% during the second quarter. Van ECK Associates Corp now owns 6,662,679 shares of the company’s stock worth $9,394,000 after buying an additional 709,002 shares in the last quarter. DiNuzzo Private Wealth Inc. acquired a new stake in Gold Royalty during the third quarter valued at $132,000. Finally, Regal Partners Ltd increased its holdings in Gold Royalty by 101.9% in the second quarter. Regal Partners Ltd now owns 83,017 shares of the company’s stock valued at $120,000 after buying an additional 41,899 shares in the last quarter. 33.75% of the stock is owned by institutional investors and hedge funds.

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.