Gold Royalty Corp. (NYSEAMERICAN:GROY – Get Free Report) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totalling 2,820,000 shares, a decline of 14.8% from the June 30th total of 3,310,000 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average daily volume of 1,180,000 shares, the short-interest ratio is presently 2.4 days.
Gold Royalty Stock Performance
GROY remained flat at $1.37 during trading on Monday. The company’s stock had a trading volume of 846,028 shares, compared to its average volume of 877,242. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.41 and a quick ratio of 1.41. Gold Royalty has a 12 month low of $1.18 and a 12 month high of $2.21. The stock has a market cap of $199.64 million, a price-to-earnings ratio of -8.06 and a beta of 1.02.
Gold Royalty (NYSEAMERICAN:GROY – Get Free Report) last released its earnings results on Monday, May 13th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Gold Royalty had a negative return on equity of 0.68% and a negative net margin of 484.60%. The company had revenue of $2.89 million during the quarter. On average, sell-side analysts predict that Gold Royalty will post -0.03 EPS for the current year.
Institutional Trading of Gold Royalty
Analyst Ratings Changes
GROY has been the topic of a number of analyst reports. Raymond James raised Gold Royalty from a “market perform” rating to an “outperform” rating and set a $2.75 price target on the stock in a research report on Monday, June 3rd. HC Wainwright reaffirmed a “buy” rating and issued a $5.75 target price on shares of Gold Royalty in a report on Wednesday, May 15th. Finally, BMO Capital Markets upgraded shares of Gold Royalty from a “market perform” rating to an “outperform” rating and set a $2.50 price target for the company in a report on Monday, June 3rd.
View Our Latest Stock Report on Gold Royalty
About Gold Royalty
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.
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