Gold Royalty Corp (GROY) vs. Its Peers: A Comparison

Additionally, the 36-month beta value for GROY is 1.18. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

The public float for GROY is 92.61M and currently, short sellers hold a 2.25% ratio of that float. The average trading volume of GROY on April 04, 2024 was 611.09K shares.

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GROY) stock’s latest price update

Gold Royalty Corp (AMEX: GROY) has experienced a rise in its stock price by 8.29 compared to its previous closing price of 1.93. However, the company has seen a gain of 8.85% in its stock price over the last five trading days. PRNewsWire reported 2024-02-23 that VANCOUVER, BC, Feb. 23, 2024 /PRNewswire/ – Gold Royalty Corp. (“Gold Royalty” or the “Company”) (NYSE American: GROY) will release its financial and operating results for the full year and quarter ending December 31, 2023 on Thursday, March 28, 2024. An investor webcast will be held on Thursday, March 28, 2024 starting at 11:00 am ET (8:00 am PT) to discuss these results.

GROY’s Market Performance

Gold Royalty Corp (GROY) has seen a 8.85% rise in stock performance for the week, with a 13.59% gain in the past month and a 44.14% surge in the past quarter. The volatility ratio for the week is 6.65%, and the volatility levels for the past 30 days are at 5.60% for GROY. The simple moving average for the past 20 days is 8.37% for GROY’s stock, with a 35.17% simple moving average for the past 200 days.

Analysts’ Opinion of GROY

Many brokerage firms have already submitted their reports for GROY stocks, with Scotiabank repeating the rating for GROY by listing it as a “Sector Outperform.” The predicted price for GROY in the upcoming period, according to Scotiabank is $3 based on the research report published on June 29, 2023 of the previous year 2023.

National Bank Financial, on the other hand, stated in their research note that they expect to see GROY reach a price target of $2.85. The rating they have provided for GROY stocks is “Outperform” according to the report published on June 08th, 2023.

Raymond James gave a rating of “Mkt Perform” to GROY, setting the target price at $3.75 in the report published on July 25th of the previous year.

GROY Trading at 24.67% from the 50-Day Moving Average

After a stumble in the market that brought GROY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.73% of loss for the given period.

Volatility was left at 5.60%, however, over the last 30 days, the volatility rate increased by 6.65%, as shares surge +13.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +48.23% upper at present.

During the last 5 trading sessions, GROY rose by +8.85%, which changed the moving average for the period of 200-days by +12.37% in comparison to the 20-day moving average, which settled at $1.9400. In addition, Gold Royalty Corp saw 42.18% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for GROY

Current profitability levels for the company are sitting at:

  • -4.2 for the present operating margin
  • 0.58 for the gross margin

The net margin for Gold Royalty Corp stands at -8.78. The total capital return value is set at -0.02. Equity return is now at value -4.90, with -3.73 for asset returns.

Based on Gold Royalty Corp (GROY), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -0.22. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -6.97.

Currently, EBITDA for the company is -7.76 million with net debt to EBITDA at -2.67. When we switch over and look at the enterprise to sales, we see a ratio of 110.29. The receivables turnover for the company is 3.27for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.44.

Conclusion

In conclusion, Gold Royalty Corp (GROY) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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