HC Wainwright Reaffirms Buy Rating for Gold Royalty (NYSEAMERICAN:GROY)

HC Wainwright reissued their buy rating on shares of Gold Royalty (NYSEAMERICAN:GROY) in a report published on Tuesday morning, Benzinga reports. The firm currently has a $5.75 price target on the stock. HC Wainwright also issued estimates for Gold Royalty’s FY2024 earnings at ($0.02) EPS and FY2025 earnings at $0.00 EPS.

Gold Royalty Trading Up 5.0 %

Gold Royalty stock opened at $2.10 on Tuesday. The company has a market capitalization of $306.01 million, a PE ratio of -11.67 and a beta of 1.19. Gold Royalty has a twelve month low of $1.18 and a twelve month high of $2.37. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.06.

Gold Royalty (NYSEAMERICAN:GROY) last announced its earnings results on Wednesday, March 27th. The company reported $0.01 EPS 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. As a group, analysts anticipate that Gold Royalty will post 0.01 EPS for the current fiscal year.

Institutional Trading of Gold Royalty

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. bought a new stake in Gold Royalty during the third quarter worth $27,000. Austin Wealth Management LLC bought a new stake in Gold Royalty during the fourth quarter worth $44,000. Gunderson Capital Management Inc. raised its position in shares of Gold Royalty by 85.7% in the fourth quarter. Gunderson Capital Management Inc. now owns 33,589 shares of the company’s stock valued at $49,000 after purchasing an additional 15,500 shares during the period. Peregrine Asset Advisers Inc. bought a new position in shares of Gold Royalty in the fourth quarter valued at about $59,000. Finally, Rathbones Group PLC bought a new position in shares of Gold Royalty in the third quarter valued at about $67,000. 33.75% of the stock is owned by institutional investors.

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 attractive returns for its investors.