HC Wainwright Reaffirms Buy Rating for Gold Royalty (NYSE:GROY)

HC Wainwright restated their buy rating on shares of Gold Royalty (NYSE:GROY) in a research report report published on Tuesday, Benzinga reports. They currently have a $5.75 price objective on the stock.

A number of other equities research analysts have also recently issued reports on the company. BMO Capital Markets upgraded Gold Royalty from a market perform rating to an outperform rating and set a $2.50 price objective for the company in a report on Monday, June 3rd. Raymond James upgraded Gold Royalty from a hold rating to a moderate buy rating and set a $2.75 price target for the company in a research note on Monday, June 3rd.

Gold Royalty Stock Performance

Shares of Gold Royalty stock opened at $1.37 on Tuesday. Gold Royalty has a 1 year low of $1.18 and a 1 year high of $2.21. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.41 and a current ratio of 1.41.

Gold Royalty (NYSE:GROY) last posted its earnings results on Monday, May 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Gold Royalty had a negative net margin of 484.60% and a negative return on equity of 0.68%. The company had revenue of $2.89 million during the quarter. Analysts anticipate that Gold Royalty will post -0.03 EPS for the current year.

Gold Royalty Company Profile

Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Gold Royalty Corp. is based in VANCOUVER, BC.