Gold Royalty (NYSE:GROY) Releases Earnings Results, Beats Expectations By $0.03 EPS

Gold Royalty (NYSE:GROY) released its earnings results on Monday. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03, Zacks reports. The firm had revenue of $2.06 million during the quarter. Gold Royalty had a negative return on equity of 0.53% and a negative net margin of 381.76%.

Gold Royalty Price Performance

Shares of GROY stock traded down $0.06 on Wednesday, hitting $1.38. 684,460 shares of the company’s stock were exchanged, compared to its average volume of 912,758. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.69 and a current ratio of 1.69. Gold Royalty has a 12 month low of $1.17 and a 12 month high of $2.21. The company has a market capitalization of $233.01 million, a PE ratio of -8.62 and a beta of 0.94. The stock’s 50 day moving average is $1.37.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright cut their target price on Gold Royalty from $5.75 to $5.50 and set a “buy” rating for the company in a research report on Tuesday.

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 returns for its investors.