Gold Royalty (NYSEAMERICAN:GROY) Releases Quarterly Earnings Results, Hits Expectations

Gold Royalty (NYSEAMERICAN:GROY) released its quarterly earnings results on Wednesday. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01, FiscalAI reports. Gold Royalty had a negative net margin of 5.65% and a positive return on equity of 0.44%. The business had revenue of $7.93 million for the quarter, compared to analysts’ expectations of $8.34 million.

Gold Royalty Stock Up 7.4%

NYSEAMERICAN GROY traded up $0.20 during trading hours on Wednesday, hitting $2.89. The company’s stock had a trading volume of 3,430,220 shares, compared to its average volume of 2,590,452. Gold Royalty has a twelve month low of $2.45 and a twelve month high of $5.45. The firm has a market capitalization of $667.04 million, a P/E ratio of -17.00 and a beta of 0.94. The stock has a fifty day moving average of $2.78 and a 200 day moving average of $3.54.

Analyst Ratings Changes

A number of research analysts have commented on the company. HC Wainwright increased their price objective on Gold Royalty from $6.75 to $7.75 and gave the company a “buy” rating in a research report on Thursday, May 7th. Canaccord Genuity Group upgraded Gold Royalty from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research report on Wednesday, April 29th. Finally, Scotiabank cut their price target on Gold Royalty from $6.00 to $5.75 and set an “outperform” rating on the stock in a research note on Tuesday, July 14th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $5.75.

Institutional Trading of Gold Royalty

Several institutional investors and hedge funds have recently made changes to their positions in the business. Amundi acquired a new position in shares of Gold Royalty in the 1st quarter valued at $695,000. Goldman Sachs Group Inc. increased its holdings in Gold Royalty by 140.7% in the first quarter. Goldman Sachs Group Inc. now owns 99,504 shares of the company’s stock valued at $143,000 after purchasing an additional 58,172 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Gold Royalty by 1,918.6% in the second quarter. JPMorgan Chase & Co. now owns 1,042,141 shares of the company’s stock valued at $2,303,000 after purchasing an additional 990,515 shares during the last quarter. Quantbot Technologies LP acquired a new position in Gold Royalty in the second quarter valued at about $406,000. Finally, Walleye Capital LLC acquired a new position in Gold Royalty in the second quarter valued at about $44,000. Institutional investors own 33.75% of the company’s stock.

Gold Royalty Company Profile

Gold Royalty Corp is a precious metals royalty and streaming company that focuses on acquiring and managing royalty interests in gold, silver and other metal assets. The company provides upfront funding to mining operators in exchange for a percentage of future metal production, offering an alternative financing model that can reduce capital requirements and accelerate development timelines for mining projects.

The firm’s diversified portfolio spans royalty and stream agreements across the Americas, with interests in operating mines, development‐stage assets and advanced exploration projects.