Gold Royalty Corp. (AMEX: GROY) stock fell -2.53% on Thursday to $1.93 against a previous-day closing price of $1.98. With 0.61 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.56 million shares. During the session, the Other Precious Metals & Mining company that operates in wider Basic Materials sector, reached to the highest price of $1.9900 whereas the lowest price it dropped to was $1.9200. The 52-week range on GROY shows that it touched its highest point at $3.26 and its lowest point at $1.98 during that stretch. It currently has a 1-year price target of $5.45. With its current market cap of 280.22 million, GROY has annualized dividend of $0.04 while the current yield stands at 2.07%.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GROY was down-trending over the past week, with a drop of -7.66%, but this was down by -11.06% over a month. Three-month performance dropped to -9.81% while six-month performance fell -32.52%. The stock lost -40.80% in the past year, while it has lost -17.17% so far this year. A look at the trailing 12-month EPS for GROY yields -0.09 with Next year EPS estimates of -0.02. For the next quarter, that number is -0.01. This implies an EPS growth rate of 88.70% for this year and 60.00% for next year.
Float and Shares Shorts:
At present, 144.48 million GROY shares are outstanding with a float of 94.32 million shares on hand for trading. On May 14, 2023, short shares totaled 0.4 million, which was 0.28% higher than short shares on Apr 13, 2023. In addition to Mr. David A. Garofalo B.Com., B.Comm, C.A., C.P.A., ICD.D as the firm’s CEO, Pres & Chairman, Mr. John W. Griffith B.Com. serves as its Chief Devel. Officer.
Through their ownership of 10.76% of GROY’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.01% of GROY, in contrast to 2.75% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in GROY with 4.10% of the stake, Van Eck Associates Corp. holds 5,897,645 shares worth 5,897,645. A second-largest stockholder of GROY, BMO Asset Management Corp., holds 2,147,638 shares, controlling over 1.49% of the firm’s shares. Commodity Capital AG is the third largest shareholder in GROY, holding 1,800,000 shares or 1.25% stake. With a 3.77% stake in GROY, the VanEck Junior Gold Miners ETF is the largest stakeholder. A total of 5,419,598 shares are owned by the mutual fund manager. The Caisse de dépôt et placement du Q, which owns about 1.99% of GROY stock, is the second-largest Mutual Fund holder. It holds 2,864,177 shares valued at 6.04 million. Commodity Capital – Global Mining holds 0.70% of the stake in GROY, owning 1,000,000 shares worth 2.11 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, GROY reported revenue of $1.91M and operating income of -$2.47M. The EBITDA in the recently reported quarter was -$1.35M and diluted EPS was -$0.03.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GROY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With GROY analysts setting a high price target of $8.75 and a low target of $4.00, the average target price over the next 12 months is $5.45. Based on these targets, GROY could surge 353.37% to reach the target high and rise by 107.25% to reach the target low. Reaching the average price target will result in a growth of 182.38% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.