Gold Royalty (NYSEAMERICAN:GROY) Trading Up 2.1% – Should You Buy?

Gold Royalty Corp. (NYSEAMERICAN:GROY)’s share price was up 2.1% during trading on Tuesday . The company traded as high as $1.44 and last traded at $1.44. Approximately 667,176 shares were traded during trading, a decline of 27% from the average daily volume of 913,805 shares. The stock had previously closed at $1.41.

Gold Royalty Stock Performance

The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $205.47 million, a P/E ratio of -8.29 and a beta of 1.02.

Gold Royalty (NYSEAMERICAN:GROY) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $1.79 million for the quarter. Gold Royalty had a negative return on equity of 0.68% and a negative net margin of 484.60%. Research analysts anticipate that Gold Royalty Corp. will post -0.03 EPS for the current year.

Institutional Trading of Gold Royalty

An institutional investor recently raised its position in Gold Royalty stock. GSA Capital Partners LLP raised its position in Gold Royalty Corp. (NYSEAMERICAN:GROY) by 70.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 257,222 shares of the company’s stock after acquiring an additional 106,700 shares during the period. GSA Capital Partners LLP owned approximately 0.18% of Gold Royalty worth $484,000 as of its most recent filing with the Securities & Exchange Commission. 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.