Gold Royalty Corp [GROY] stock prices are up 5.00% to $2.10 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GROY shares have gain 9.38% over the last week, with a monthly amount glided 9.38%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Gold Royalty Corp [AMEX: GROY] stock has seen the most recent analyst activity on June 29, 2023, when Scotiabank initiated its Sector Outperform rating and assigned the stock a price target of $3. Previously, National Bank Financial started tracking the stock with Outperform rating on June 08, 2023, and set its price target to $2.85. On July 25, 2022, Raymond James initiated with a Mkt Perform rating and assigned a price target of $3.75 on the stock. BMO Capital Markets started tracking the stock assigning a Market Perform rating and suggested a price target of $5.50 on February 10, 2022.
The stock price of Gold Royalty Corp [GROY] has been fluctuating between $1.18 and $2.37 over the past year. Currently, Wall Street analysts expect the stock to reach $8 within the next 12 months. Gold Royalty Corp [AMEX: GROY] shares were valued at $2.10 at the most recent close of the market. An investor can expect a potential return of 280.95% based on the average GROY price forecast.
Analyzing the GROY fundamentals
The Gold Royalty Corp [AMEX:GROY] reported sales of 5.18M for trailing twelve months, representing a surge of 277.31%. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at -4.2%, Pretax Profit Margin comes in at -10.77%, and Net Profit Margin reading is -8.78%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.05 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.06.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.01 points at the first support level, and at 1.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.16, and for the 2nd resistance point, it is at 2.21.
Gold Royalty Corp [GROY] reported earnings per share of -$0.01 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.01/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were -$0.01 per share as compared to estimates of -$0.01 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
It’s worth pointing out that Gold Royalty Corp [AMEX:GROY]’s Current Ratio is 1.44. Further, the Quick Ratio stands at 1.44, while the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 59.14, the price to book ratio is 0.59.
