Gold Royalty (NYSE:GROY) Posts Earnings Results, Meets Expectations

Gold Royalty (NYSE:GROY) released its quarterly earnings data on Tuesday. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01), Zacks reports. The business had revenue of $1.79 million during the quarter. Gold Royalty had a negative return on equity of 0.68% and a negative net margin of 484.60%.

Gold Royalty Stock Performance

NYSE:GROY traded down $0.03 during trading hours on Wednesday, hitting $1.29. 279,567 shares of the company’s stock traded hands, compared to its average volume of 880,229. Gold Royalty has a twelve month low of $1.18 and a twelve month high of $2.21. The stock has a market cap of $218.10 million, a price-to-earnings ratio of -7.59 and a beta of 0.97. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a fifty day moving average price of $1.42.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Raymond James upgraded shares of Gold Royalty from a “hold” rating to a “moderate buy” rating and set a $2.75 price target on the stock in a research note on Monday, June 3rd. HC Wainwright reissued a “buy” rating and issued a $5.75 price objective on shares of Gold Royalty in a report on Tuesday, July 23rd. Finally, BMO Capital Markets raised Gold Royalty from a “market perform” rating to an “outperform” rating and set a $2.50 target price on the stock in a research note on Monday, June 3rd.

Gold Royalty Company Profile

Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Gold Royalty Corp. is based in VANCOUVER, BC.