Gold Royalty (NYSEAMERICAN:GROY) Reports Quarterly Results, Hits Estimates
Gold Royalty (NYSEAMERICAN:GROY – Get Rating) released its quarterly earnings data on Monday. The company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02), Fidelity Earnings reports.
NYSEAMERICAN GROY traded down $0.11 during Thursday trading hours, hitting $3.17. 859 shares of the company were traded, with an average volume of 689,848. Gold Royalty has a 1-year low of $2.75 and a 1-year high of $7.08.
Several equity analysts have recently published reports on GROY shares. BMO Capital Markets began covering Gold Royalty in a research note on Thursday, February 10. They set a “market performance” rating and a price target of $5.50 on the stock. Zacks Investment Research upgraded Gold Royalty from a “hold” rating to a “buy” rating and set a price target of $4.00 on the stock in a Monday, May 2 research note.
A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. BlackRock Inc. acquired a new position in Gold Royalty during the 4th quarter worth $1,765,000. Goldman Sachs Group Inc. acquired a new stake in Gold Royalty during the 4th quarter valued at $69,000. Stifel Financial Corp acquired a new stake in Gold Royalty during the 4th quarter at a value of $1,187,000. Millennium Management LLC acquired a new stake in Gold Royalty during the 4th quarter at a value of $79,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Gold Royalty during the 4th quarter at a value of $109,000. Institutional investors and hedge funds own 18.82% of the company’s shares.
About Gold Royalty (Get an evaluation)
Gold Royalty Corp., a precious metals-focused royalty company, provides financing solutions to the metals and mining industry. It focuses on acquiring similar royalties, streams and interests at different stages of the mine life cycle to build a portfolio that offers attractive short, medium and long-term returns for its investors.
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