Gold Royalty (NYSE:GROY) Announces Earnings Results, Beats Estimates By $0.03 EPS

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

Gold Royalty Price Performance

NYSE:GROY traded down $0.07 during mid-day trading on Wednesday, hitting $1.37. The company’s stock had a trading volume of 919,935 shares, compared to its average volume of 913,853. Gold Royalty has a 1 year low of $1.17 and a 1 year high of $2.21. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $230.78 million, a PE ratio of -8.53 and a beta of 0.94. The business’s fifty day moving average price is $1.37.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reduced their price objective on shares of Gold Royalty from $5.75 to $5.50 and set a “buy” rating for the company in a research note 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.