Gold Royalty (NYSE:GROY) Given New $5.75 Price Target at HC Wainwright

Gold Royalty (NYSE:GROY) had its target price lifted by equities researchers at HC Wainwright from $5.50 to $5.75 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. HC Wainwright’s target price suggests a potential upside of 285.91% from the stock’s previous close. HC Wainwright also issued estimates for Gold Royalty’s FY2024 earnings at $0.01 EPS and FY2025 earnings at $0.07 EPS.

Separately, Scotiabank decreased their target price on Gold Royalty from $2.50 to $2.25 and set a “sector outperform” rating for the company in a research note on Monday, November 25th.

Gold Royalty Stock Performance

Shares of GROY stock opened at $1.49 on Wednesday. The business’s 50 day moving average is $1.24 and its two-hundred day moving average is $1.31. 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 has a 12 month low of $1.16 and a 12 month high of $2.21. The company has a market cap of $251.91 million, a PE ratio of -11.46 and a beta of 0.89.

Gold Royalty (NYSE:GROY) last released its earnings results on Monday, November 4th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $2.06 million during the quarter. Gold Royalty had a negative net margin of 252.16% and a positive return on equity of 0.46%. Equities analysts predict that Gold Royalty will post -0.01 EPS 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. Marshall Wace LLP acquired a new stake in Gold Royalty during the second quarter worth $148,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Gold Royalty during the 3rd quarter worth about $132,000. Bayshore Asset Management LLC acquired a new stake in shares of Gold Royalty during the 3rd quarter valued at about $61,000. Van ECK Associates Corp increased its stake in Gold Royalty by 1.4% in the third quarter. Van ECK Associates Corp now owns 6,753,002 shares of the company’s stock valued at $10,062,000 after acquiring an additional 90,323 shares during the period. Finally, Oxbow Advisors LLC acquired a new position in Gold Royalty in the third quarter worth about $49,000. 33.75% of the stock is owned by institutional investors and hedge funds.

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.