Gold Royalty (NYSEAMERICAN:GROY) Rating Reiterated by HC Wainwright

Gold Royalty (NYSEAMERICAN:GROY)‘s stock had its “buy” rating reissued by analysts at HC Wainwright in a note issued to investors on Tuesday, Benzinga reports. They presently have a $5.75 price objective on the stock. HC Wainwright’s price objective suggests a potential upside of 205.04% from the stock’s current price.

Gold Royalty Stock Down 3.3 %

Shares of GROY opened at $1.89 on Tuesday. Gold Royalty has a fifty-two week low of $1.18 and a fifty-two week high of $2.37. The company has a market capitalization of $274.68 million, a PE ratio of -10.47 and a beta of 1.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.44 and a quick ratio of 1.44.

Gold Royalty (NYSEAMERICAN:GROY) last announced its quarterly earnings results on Wednesday, March 27th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.03. Gold Royalty had a negative net margin of 877.82% and a negative return on equity of 0.75%. The firm had revenue of $1.02 million during the quarter.

Institutional Investors Weigh In On Gold Royalty

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Austin Wealth Management LLC purchased a new stake in Gold Royalty during the fourth quarter valued at approximately $44,000. Peregrine Asset Advisers Inc. acquired a new position in Gold Royalty during the 4th quarter valued at approximately $59,000. Van ECK Associates Corp increased its stake in Gold Royalty by 9.8% during the 4th quarter. Van ECK Associates Corp now owns 5,898,131 shares of the company’s stock valued at $8,670,000 after purchasing an additional 525,594 shares in the last quarter. Gunderson Capital Management Inc. increased its stake in Gold Royalty by 85.7% during the 4th quarter. Gunderson Capital Management Inc. now owns 33,589 shares of the company’s stock valued at $49,000 after purchasing an additional 15,500 shares in the last quarter. Finally, Rathbones Group PLC acquired a new position in Gold Royalty during the 3rd quarter valued at approximately $67,000. Hedge funds and other institutional investors 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 attractive returns for its investors.