Gold Royalty (NYSEAMERICAN:GROY) Stock Price Up 2.2% – Still a Buy?

Gold Royalty Corp. (NYSEAMERICAN:GROY) shares were up 2.2% on Monday . The company traded as high as $1.40 and last traded at $1.40. Approximately 681,964 shares were traded during trading, a decline of 26% from the average daily volume of 922,194 shares. The stock had previously closed at $1.37.

Gold Royalty Price 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 cap of $196.72 million, a PE ratio of -8.03 and a beta of 1.02.

Gold Royalty (NYSEAMERICAN:GROY) last announced its earnings results on Tuesday, August 13th. The company reported ($0.01) EPS 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%. As a group, equities research analysts expect that Gold Royalty Corp. will post -0.03 EPS for the current year.

Institutional Investors Weigh In On Gold Royalty

Hedge funds have recently bought and sold shares of the stock. Austin Wealth Management LLC acquired a new stake in shares of Gold Royalty in the 4th quarter valued at $44,000. Van ECK Associates Corp raised its stake in Gold Royalty by 0.9% in the first quarter. Van ECK Associates Corp now owns 5,953,677 shares of the company’s stock valued at $11,193,000 after buying an additional 55,546 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in Gold Royalty by 70.9% during the 1st quarter. GSA Capital Partners LLP now owns 257,222 shares of the company’s stock worth $484,000 after buying an additional 106,700 shares during the last quarter. Institutional investors and hedge funds own 33.75% of the company’s stock.

About Gold Royalty

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.