Gold Royalty FY2024 EPS Increased by National Bank Financial

Gold Royalty Corp. (NYSE:GROY) – Analysts at National Bank Financial lifted their FY2024 EPS estimates for Gold Royalty in a note issued to investors on Tuesday, November 5th. National Bank Financial analyst S. Nagle now anticipates that the company will earn $0.00 per share for the year, up from their prior estimate of ($0.04). The consensus estimate for Gold Royalty’s current full-year earnings is ($0.02) per share. National Bank Financial also issued estimates for Gold Royalty’s FY2025 earnings at ($0.01) EPS and FY2026 earnings at $0.00 EPS.

Gold Royalty (NYSE:GROY) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.03. The business 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%.

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

Gold Royalty Stock Performance

Shares of Gold Royalty stock opened at $1.42 on Friday. The stock has a 50 day simple moving average of $1.37. The company has a quick ratio of 1.69, a current ratio of 1.63 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $240.08 million, a price-to-earnings ratio of -10.92 and a beta of 0.94. Gold Royalty has a fifty-two week low of $1.17 and a fifty-two week high of $2.21.

Hedge Funds Weigh In On Gold Royalty

Large investors have recently made changes to their positions in the stock. AlphaQ Advisors LLC increased its holdings in Gold Royalty by 62.2% in the 2nd 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 during the last quarter. Oxbow Advisors LLC acquired a new position in Gold Royalty during the third quarter worth $49,000. Regal Partners Ltd boosted 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 worth $120,000 after buying an additional 41,899 shares during the period. Bayshore Asset Management LLC acquired a new stake in shares of Gold Royalty in the third quarter valued at $61,000. Finally, Van ECK Associates Corp raised its holdings in shares of Gold Royalty by 1.4% in the 3rd quarter. Van ECK Associates Corp now owns 6,753,002 shares of the company’s stock valued at $10,062,000 after buying an additional 90,323 shares during the period. 33.75% of the stock is currently 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.