Ready to Jump After Recent Trade: Gold Royalty Corp. (GROY)

With 0.72 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.41 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $1.4000 whereas the lowest price it dropped to was $1.3600. The 52-week range on GROY shows that it touched its highest point at $3.00 and its lowest point at $1.31 during that stretch. It currently has a 1-year price target of $4.23. With its current market cap of 198.60 million, GROY has annualized dividend of $0.04 while the current yield stands at 2.92%. Beta for the stock currently stands at 0.91.

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Price Performance and Earnings:

Three-month performance dropped to -26.34% while six-month performance fell -32.18%. The stock lost -49.82% in the past year, while it has lost -41.20% 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, 144.56 million GROY shares are outstanding with a float of 94.83 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.94 million, which was 0.65% higher than short shares on Jul 30, 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.

Institutional Ownership:

Through their ownership of 10.19% of GROY’s outstanding shares, institutional investors have minority control over the company.

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 Jun 29, 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.

Analysts Ratings:

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 $2.85, the average target price over the next 12 months is $4.23. Based on these targets, GROY could surge 538.69% to reach the target high and rise by 108.03% to reach the target low. Reaching the average price target will result in a growth of 208.76% 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.

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