Gold Royalty Corp. (NYSEAMERICAN:GROY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Gold Royalty Corp. (NYSEAMERICAN:GROY) has been given a consensus rating of “Moderate Buy” by the six research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $3.33.

Separately, HC Wainwright reissued a “buy” rating and set a $5.75 target price on shares of Gold Royalty in a report on Tuesday, April 23rd.

Gold Royalty Stock Up 2.4 %

Shares of Gold Royalty stock opened at $2.15 on Tuesday. The company has a market cap of $313.30 million, a P/E ratio of -11.94 and a beta of 1.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.44 and a current ratio of 1.44. Gold Royalty has a 1 year low of $1.18 and a 1 year high of $2.37.

Gold Royalty (NYSEAMERICAN:GROY) last announced its quarterly earnings results on Wednesday, March 27th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.03. The company had revenue of $1.02 million for the quarter. Gold Royalty had a negative net margin of 877.82% and a negative return on equity of 0.75%. As a group, analysts predict that Gold Royalty will post 0.01 earnings per share for the current year.

Institutional Investors Weigh In On Gold Royalty

A number of institutional investors have recently added to or reduced their stakes in GROY. Van ECK Associates Corp lifted its position in shares of Gold Royalty by 9.8% in the 4th quarter. Van ECK Associates Corp now owns 5,898,131 shares of the company’s stock worth $8,670,000 after purchasing an additional 525,594 shares during the period. Rathbones Group PLC acquired a new position in shares of Gold Royalty in the 3rd quarter worth approximately $67,000. Peregrine Asset Advisers Inc. acquired a new position in shares of Gold Royalty in the 4th quarter worth approximately $59,000. Austin Wealth Management LLC acquired a new position in shares of Gold Royalty in the 4th quarter worth approximately $44,000. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Gold Royalty in the 3rd quarter worth approximately $27,000. 33.75% of the stock is owned by institutional investors.

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.