FY2024 EPS Estimates for Gold Royalty Raised by Scotiabank

Gold Royalty Corp. (NYSE:GROY) – Investment analysts at Scotiabank increased their FY2024 earnings estimates for shares of Gold Royalty in a note issued to investors on Wednesday, January 8th. Scotiabank analyst E. Winmill now forecasts that the company will post earnings per share of $0.00 for the year, up from their previous estimate of ($0.02). Scotiabank currently has a “Sector Outperform” rating and a $2.25 target price on the stock. The consensus estimate for Gold Royalty’s current full-year earnings is ($0.01) per share. Scotiabank also issued estimates for Gold Royalty’s FY2026 earnings at $0.02 EPS.

Gold Royalty (NYSE:GROY) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The company had revenue of $2.06 million for the quarter. Gold Royalty had a positive return on equity of 0.46% and a negative net margin of 252.16%.

Separately, HC Wainwright decreased their target price on shares of Gold Royalty from $5.75 to $5.50 and set a “buy” rating on the stock in a research report on Tuesday, November 5th.

Gold Royalty Stock Up 0.8 %

Gold Royalty stock opened at $1.22 on Monday. The stock’s 50 day moving average price is $1.26 and its 200 day moving average price is $1.34. Gold Royalty has a 1-year low of $1.16 and a 1-year high of $2.21. The company has a market cap of $206.27 million, a PE ratio of -9.38 and a beta of 0.88. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.63 and a quick ratio of 1.63.

Hedge Funds Weigh In On Gold Royalty

Several hedge funds and other institutional investors have recently bought and sold shares of GROY. Verition Fund Management LLC purchased a new position in shares of Gold Royalty in the third quarter valued at $32,000. SageView Advisory Group LLC acquired a new stake in Gold Royalty in the 3rd quarter valued at about $34,000. Oxbow Advisors LLC purchased a new position in Gold Royalty during the 3rd quarter valued at about $49,000. Bayshore Asset Management LLC purchased a new stake in Gold Royalty in the 3rd quarter valued at approximately $61,000. Finally, XTX Topco Ltd purchased a new stake in shares of Gold Royalty in the third quarter valued at $83,000. 33.75% of the stock is 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.