Gold Royalty (NYSE:GROY) Given New $2.25 Price Target at Scotiabank

Gold Royalty (NYSE:GROY) had its price objective reduced by Scotiabank from $2.50 to $2.25 in a research report report published on Monday morning,Benzinga reports. Scotiabank currently has a sector outperform rating on the stock.

Separately, HC Wainwright lowered their target price on Gold Royalty from $5.75 to $5.50 and set a “buy” rating for the company in a report on Tuesday, November 5th.

Gold Royalty Price Performance

GROY stock opened at $1.26 on Monday. Gold Royalty has a 12 month low of $1.17 and a 12 month high of $2.21. The business has a 50-day moving average of $1.39. The stock has a market cap of $213.03 million, a P/E ratio of -9.69 and a beta of 0.94. The company has a quick ratio of 1.63, a current ratio of 1.63 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 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $2.06 million for the quarter. Gold Royalty had a negative net margin of 252.16% and a positive return on equity of 0.46%. Sell-side analysts forecast that Gold Royalty will post -0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Gold Royalty

A number of large investors have recently bought and sold shares of the business. Verition Fund Management LLC bought a new stake in Gold Royalty during the 3rd quarter valued at $32,000. SageView Advisory Group LLC bought a new stake in Gold Royalty during the third quarter valued at about $34,000. Oxbow Advisors LLC purchased a new position in Gold Royalty in the third quarter valued at about $49,000. Bayshore Asset Management LLC bought a new position in Gold Royalty in the third quarter worth about $61,000. Finally, XTX Topco Ltd purchased a new stake in shares of Gold Royalty during the third quarter valued at about $83,000. Institutional investors own 33.75% of the company’s stock.

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.