FY2024 EPS Estimates for Gold Royalty Boosted by Scotiabank

Gold Royalty Corp. (NYSE:GROY) – Stock analysts at Scotiabank increased their FY2024 earnings per share estimates for shares of Gold Royalty in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst E. Winmill now forecasts that the company will post earnings of $0.00 per share for the year, up from their prior estimate of ($0.02). Scotiabank 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.

Separately, HC Wainwright lowered their target price on 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 Stock Performance

Shares of NYSE GROY opened at $1.25 on Monday. Gold Royalty has a 1 year low of $1.16 and a 1 year high of $2.21. The firm has a market cap of $211.34 million, a P/E ratio of -9.62 and a beta of 0.88. The stock has a fifty day moving average price of $1.27 and a two-hundred day moving average price of $1.34. 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 (NYSE:GROY) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.03. Gold Royalty had a negative net margin of 252.16% and a positive return on equity of 0.46%. The business had revenue of $2.06 million during the quarter.

Institutional Investors Weigh In On Gold Royalty

Large investors have recently modified their holdings of the stock. Renaissance Technologies LLC acquired a new stake in shares of Gold Royalty during the second quarter worth $1,345,000. Marshall Wace LLP acquired a new stake in Gold Royalty during the 2nd quarter worth about $148,000. Ghisallo Capital Management LLC purchased a new stake in Gold Royalty during the second quarter valued at about $705,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Gold Royalty in the third quarter worth about $132,000. Finally, Bayshore Asset Management LLC purchased a new position in shares of Gold Royalty in the third quarter worth approximately $61,000. 33.75% of the stock is owned by institutional investors.

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.