The price of Gold Royalty Corp. (AMEX:GROY) shares last traded on Wall Street fell -1.37% to $1.44.
Based on available information, 7 analysts follow Gold Royalty Corp. (AMEX:GROY). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $8.75 and a low of $2.85, we find $3.50. Given the previous closing price of $1.46, this indicates a potential upside of 139.73 percent. GROY stock price is now -15.22% away from the 50-day moving average and -32.58% away from the 200-day moving average. The market capitalization of the company currently stands at $211.69M.
Among analysts, 2 rate the stock a hold while 5 rate it a buy. Brokers who have rated the stock have averaged $4.23 as their price target over the next twelve months.
With the price target of $3, Scotiabank recently initiated with Sector Outperform rating for Gold Royalty Corp. (AMEX: GROY).
A total of 34.72% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GROY stock. A new stake in Gold Royalty Corp. shares was purchased by NATIONAL BANK OF CANADA /FI/ during the first quarter worth $93,000. TWO SIGMA ADVISERS, LP invested $88,000 in shares of GROY during the first quarter. In the first quarter, QUADRATURE CAPITAL LTD acquired a new stake in Gold Royalty Corp. valued at approximately $50,000. XTX TOPCO LTD acquired a new stake in GROY for approximately $47,000. BANK OF NEW YORK MELLON CORP purchased a new stake in GROY valued at around $30,000 in the second quarter. In total, there are 59 active investors with 10.50% ownership of the company’s stock.
A candlestick chart of Gold Royalty Corp. (AMEX: GROY) showed a price of $1.4900 on Friday morning. During the past 12 months, Gold Royalty Corp. has had a low of $1.42 and a high of $3.07. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 2.10, and a quick ratio of 2.10. The fifty day moving average price for GROY is $1.6924 and a two-hundred day moving average price translates $2.1286 for the stock.
The latest earnings results from Gold Royalty Corp. (AMEX: GROY) was released for Jun, 2023. According to the Gold Company, earnings per share came in at -$0.02, missing analysts’ expectations of -$0.01 by -0.01. This compares to -$0.03 EPS in the same period last year. The company reported revenue of $0.47 million for the quarter, compared to $1.91 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -75.46 percent. For the current quarter, analysts expect GROY to generate $1.94M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/30/2023. Investors who held shares on 06/20/2023 were paid a $0.01 dividend. On an annualized basis, this represents a $0.04 dividend and a 2.78% percent yield. There was an ex-dividend date of 06/16/2023 for this dividend.
Gold Royalty Corp.(GROY) 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 attractive returns for its investors. The company’s portfolio consists of net smelter return royalties ranging from 0.5% to 2.0% on 17 gold properties. Gold Royalty Corp. was incorporated in 2020 and is headquartered in Vancouver, Canada.
