Gold Royalty Corp [GROY] stock prices are up 2.19% to $1.40 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The GROY shares have gain 2.94% over the last week, with a monthly amount glided 15.70%, 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 03, 2024, when Raymond James upgraded its rating to a Outperform but kept the price target unchanged to $2.75 for it. Previously, BMO Capital Markets upgraded its rating to Outperform on June 03, 2024. On June 29, 2023, Scotiabank initiated with a Sector Outperform rating and assigned a price target of $3 on the stock. National Bank Financial started tracking the stock assigning a Outperform rating and suggested a price target of $2.85 on June 08, 2023. Raymond James initiated its recommendation with a Mkt Perform and recommended $3.75 as its price target on July 25, 2022. BMO Capital Markets started tracking with a Market Perform rating for this stock on February 10, 2022, and assigned it a price target of $5.50.
The stock price of Gold Royalty Corp [GROY] has been fluctuating between $1.17 and $2.21 over the past year. Currently, Wall Street analysts expect the stock to reach $4.42 within the next 12 months. Gold Royalty Corp [AMEX: GROY] shares were valued at $1.40 at the most recent close of the market. An investor can expect a potential return of 215.71% based on the average GROY price forecast.
Analyzing the GROY fundamentals
The Gold Royalty Corp [AMEX:GROY] reported sales of 6.50M for trailing twelve months, representing a surge of 283.33%. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at -4.4%, Pretax Profit Margin comes in at -13.0%, and Net Profit Margin reading is -10.38%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.05 and Total Capital is -0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.06.
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 1.3800 points at the first support level, and at 1.3600 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.4100, and for the 2nd resistance point, it is at 1.4200.
Ratios To Look Out For
It’s worth pointing out that Gold Royalty Corp [AMEX:GROY]’s Current Ratio is 1.69. On the other hand, the Quick Ratio is 1.69, and the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 36.42, the price to book ratio is 0.43.
