FY2024 EPS Estimates for Gold Royalty Raised by Scotiabank

Gold Royalty Corp. (NYSE:GROY) – Analysts at Scotiabank lifted their FY2024 earnings estimates for shares of Gold Royalty in a report released on Wednesday, January 8th. Scotiabank analyst E. Winmill now forecasts that the company will post earnings per share of $0.00 for the year, up from their prior forecast of ($0.02). Scotiabank currently has a “Sector Outperform” rating and a $2.25 price objective on the stock. The consensus estimate for Gold Royalty’s current full-year earnings is ($0.01) per share. Scotiabank also issued estimates for Gold Royalty’s FY2026 earnings at $0.02 EPS.

Gold Royalty (NYSE:GROY) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.03. The company had revenue of $2.06 million during the quarter. Gold Royalty had a positive return on equity of 0.46% and a negative net margin of 252.16%.

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

Gold Royalty Trading Down 3.2 %

NYSE GROY opened at $1.21 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.63 and a current ratio of 1.63. Gold Royalty has a one year low of $1.16 and a one year high of $2.21. The company’s 50 day moving average price is $1.26 and its 200 day moving average price is $1.34. The firm has a market capitalization of $204.58 million, a price-to-earnings ratio of -9.31 and a beta of 0.88.

Hedge Funds Weigh In On Gold Royalty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new position in shares of Gold Royalty during the 2nd quarter valued at approximately $1,345,000. Bank of Montreal Can grew its holdings in Gold Royalty by 27.4% during the 3rd quarter. Bank of Montreal Can now owns 3,112,732 shares of the company’s stock worth $4,296,000 after acquiring an additional 668,784 shares in the last quarter. Ghisallo Capital Management LLC bought a new stake in shares of Gold Royalty in the 2nd quarter worth about $705,000. GSA Capital Partners LLP raised its stake in shares of Gold Royalty by 39.2% in the 3rd quarter. GSA Capital Partners LLP now owns 779,331 shares of the company’s stock valued at $1,060,000 after purchasing an additional 219,351 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Gold Royalty during the second quarter worth about $148,000. 33.75% of the stock is owned by hedge funds and other institutional investors.

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.