Gold Royalty (NYSEAMERICAN:GROY) Issues Earnings Results, Beats Estimates By $0.01 EPS

Gold Royalty (NYSEAMERICAN:GROY) announced its quarterly earnings data on Wednesday. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01, Zacks reports. Gold Royalty had a net margin of 6.65% and a return on equity of 0.68%.

Gold Royalty Trading Up 9.5%

Gold Royalty stock traded up $0.25 during mid-day trading on Wednesday, hitting $2.89. 2,797,291 shares of the company’s stock were exchanged, compared to its average volume of 2,338,809. The stock has a market cap of $667.04 million, a P/E ratio of 289.29 and a beta of 1.15. The stock has a 50 day moving average of $3.10 and a two-hundred day moving average of $3.40. Gold Royalty has a 1-year low of $2.45 and a 1-year high of $5.45.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. TD Securities initiated coverage on shares of Gold Royalty in a report on Thursday, October 8th. They set a “buy” rating and a $4.00 price target on the stock. Scotiabank cut their price objective on Gold Royalty from $6.00 to $5.75 and set an “outperform” rating for the company in a report on Tuesday, July 14th. HC Wainwright reduced their price objective on Gold Royalty from $7.75 to $7.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Finally, TD set a $4.00 target price on Gold Royalty and gave the company a “buy” rating in a research note on Thursday, October 8th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $5.38.

Gold Royalty Company Profile

Gold Royalty Corp. is a precious-metals royalty and streaming company focused primarily on gold. Rather than operating mines directly, the company provides capital to mining companies in exchange for royalty interests, streams and other contractual rights tied to future production or revenue from mineral projects.

Gold Royalty’s portfolio includes interests in exploration, development and producing properties, with exposure concentrated in the Americas. Its assets span mining jurisdictions including Canada, the United States, Mexico and other countries in Latin America.