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

Gold Royalty (NYSEAMERICAN:GROY) posted its quarterly earnings data on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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 Price Performance

Shares of Gold Royalty stock traded up $0.25 during trading on Wednesday, hitting $2.89. 2,797,291 shares of the company’s stock traded hands, compared to its average volume of 2,338,809. The firm’s fifty day moving average price is $3.10 and its 200 day moving average price is $3.40. Gold Royalty has a twelve month low of $2.45 and a twelve month high of $5.45. The company has a market cap of $667.04 million, a PE ratio of 289.29 and a beta of 1.15.

Analysts Set New Price Targets

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

About Gold Royalty

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.