HC Wainwright Comments on Gold Royalty FY2024 Earnings

Gold Royalty Corp. (NYSE:GROY) – Analysts at HC Wainwright issued their FY2024 earnings estimates for Gold Royalty in a research note issued on Tuesday, November 5th. HC Wainwright analyst H. Ihle anticipates that the company will post earnings per share of $0.00 for the year. HC Wainwright has a “Buy” rating and a $5.50 price objective 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 Stock Up 0.7 %

NYSE:GROY opened at $1.42 on Thursday. Gold Royalty has a 12-month low of $1.17 and a 12-month high of $2.21. The company has a market capitalization of $240.08 million, a price-to-earnings ratio of -10.92 and a beta of 0.94. The company has a 50 day simple moving average of $1.37. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.09.

Gold Royalty (NYSE:GROY) last issued its earnings results on Monday, November 4th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.03. The business had revenue of $2.06 million during the quarter. Gold Royalty had a negative net margin of 381.76% and a negative return on equity of 0.53%.

Hedge Funds Weigh In On Gold Royalty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp lifted its stake in shares of Gold Royalty by 1.4% during the 3rd quarter. Van ECK Associates Corp now owns 6,753,002 shares of the company’s stock worth $10,062,000 after buying an additional 90,323 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Gold Royalty in the 2nd quarter valued at about $1,345,000. GSA Capital Partners LLP raised its holdings in Gold Royalty by 39.2% in the 3rd quarter. GSA Capital Partners LLP now owns 779,331 shares of the company’s stock valued at $1,060,000 after acquiring an additional 219,351 shares during the period. Ghisallo Capital Management LLC acquired a new stake in Gold Royalty during the second quarter worth approximately $705,000. Finally, Regal Partners Ltd lifted its position in Gold Royalty by 69.0% during the third quarter. Regal Partners Ltd now owns 140,268 shares of the company’s stock worth $191,000 after acquiring an additional 57,251 shares during the last quarter. 33.75% of the stock is owned by institutional investors.

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.