Gold Royalty (NYSEAMERICAN:GROY) Trading 2.1% Higher – Should You Buy?

Gold Royalty Corp. (NYSEAMERICAN:GROY) shot up 2.1% on Tuesday . The stock traded as high as $1.44 and last traded at $1.44. 667,176 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 913,805 shares. The stock had previously closed at $1.41.

Gold Royalty Stock Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market capitalization of $209.84 million, a price-to-earnings ratio of -8.47 and a beta of 1.02.

Gold Royalty (NYSEAMERICAN:GROY) last issued its earnings results on Tuesday, August 13th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $1.79 million for the quarter. Gold Royalty had a negative net margin of 484.60% and a negative return on equity of 0.68%. Analysts anticipate that Gold Royalty Corp. will post -0.03 EPS for the current year.

Institutional Trading of Gold Royalty

A hedge fund recently raised its stake in Gold Royalty stock. GSA Capital Partners LLP lifted its stake in shares of Gold Royalty Corp. (NYSEAMERICAN:GROY) by 70.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 257,222 shares of the company’s stock after purchasing an additional 106,700 shares during the period. GSA Capital Partners LLP owned approximately 0.18% of Gold Royalty worth $484,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 33.75% of the company’s stock.

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.