Gold Royalty (NYSEAMERICAN:GROY) Posts Earnings Results, Beats Expectations By $0.03 EPS

Gold Royalty (NYSEAMERICAN:GROY) released its earnings results on Wednesday. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03, reports. The company had revenue of $1.02 million for the quarter. Gold Royalty had a negative return on equity of 1.56% and a negative net margin of 367.25%.

Gold Royalty Stock Down 5.5 %

Shares of GROY stock traded down $0.11 during trading on Friday, hitting $1.88. The company had a trading volume of 1,184,261 shares, compared to its average volume of 657,876. Gold Royalty has a 52 week low of $1.18 and a 52 week high of $2.48. The stock has a market cap of $273.95 million, a price-to-earnings ratio of -26.86 and a beta of 1.16. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.03.

Institutional Trading of Gold Royalty

Hedge funds have recently made changes to their positions in the stock. Stratos Wealth Partners LTD. purchased a new stake in Gold Royalty in the third quarter worth approximately $27,000. Y Intercept Hong Kong Ltd purchased a new stake in Gold Royalty in the second quarter worth approximately $32,000. Advisor Group Holdings Inc. boosted its stake in Gold Royalty by 118.7% in the fourth quarter. Advisor Group Holdings Inc. now owns 15,310 shares of the company’s stock worth $35,000 after buying an additional 8,310 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Gold Royalty in the second quarter worth approximately $37,000. Finally, Millennium Management LLC purchased a new stake in Gold Royalty in the second quarter worth approximately $39,000. 33.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GROY. BMO Capital Markets lowered their price target on shares of Gold Royalty from $3.50 to $3.00 and set a “market perform” rating on the stock in a report on Thursday, December 7th. Raymond James lowered their price target on shares of Gold Royalty from $3.50 to $3.00 and set a “market perform” rating on the stock in a research report on Friday, December 1st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $3.28.

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.