Brokers Offer Predictions for Gold Royalty Corp.’s Q4 2024 Earnings (NYSE:GROY)

Gold Royalty Corp. (NYSE:GROY) – Analysts at National Bank Financial issued their Q4 2024 earnings per share estimates for shares of Gold Royalty in a research note issued to investors on Wednesday, August 14th. National Bank Financial analyst S. Nagle anticipates that the company will earn ($0.01) per share for the quarter. The consensus estimate for Gold Royalty’s current full-year earnings is ($0.03) per share. National Bank Financial also issued estimates for Gold Royalty’s FY2025 earnings at ($0.02) EPS.

Gold Royalty (NYSE:GROY) last released its earnings results on Tuesday, August 13th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The company 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%.

Other research analysts have also issued research reports about the company. BMO Capital Markets raised Gold Royalty from a “market perform” rating to an “outperform” rating and set a $2.50 target price for the company in a research report on Monday, June 3rd. Raymond James upgraded 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. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $5.75 target price on shares of Gold Royalty in a report on Thursday.

Gold Royalty Price Performance

GROY opened at $1.35 on Monday. The firm’s 50 day simple moving average is $1.40. The company has a market cap of $228.24 million, a price-to-earnings ratio of -7.94 and a beta of 0.97. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.41 and a quick ratio of 1.41. Gold Royalty has a one year low of $1.18 and a one year high of $2.21.

Institutional Investors Weigh In On Gold Royalty

Institutional investors and hedge funds have recently bought and sold shares of the business. AlphaQ Advisors LLC grew its position in shares of Gold Royalty by 62.2% during the second quarter. AlphaQ Advisors LLC now owns 84,260 shares of the company’s stock valued at $119,000 after purchasing an additional 32,315 shares in the last quarter. Regal Partners Ltd grew its position in shares of Gold Royalty by 101.9% during the second quarter. Regal Partners Ltd now owns 83,017 shares of the company’s stock valued at $120,000 after purchasing an additional 41,899 shares in the last quarter. Marshall Wace LLP purchased a new position in Gold Royalty in the second quarter worth about $148,000. Renaissance Technologies LLC purchased a new position in Gold Royalty in the second quarter worth about $1,345,000. Finally, Van ECK Associates Corp grew its position in Gold Royalty by 11.9% in the second quarter. Van ECK Associates Corp now owns 6,662,679 shares of the company’s stock worth $9,394,000 after acquiring an additional 709,002 shares in the last quarter. 33.75% of the stock is owned by institutional investors.

About Gold Royalty

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.