Gold Royalty Corp (AMEX: GROY)’s stock price has increased by 3.53 compared to its previous closing price of 1.27. However, the company has seen a 3.53% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-09 that Gold Royalty Corp offers exposure to gold through over 200 royalties, focusing on high-quality, sustainable mining operations like Canadian Malartic and Goldstrike Mine. The company’s royalties are Tier 1, long-life assets set to generate consistent cash flow, especially with gold prices nearing all-time highs. Trading at a market cap of $240 million, Gold Royalty Corp is undervalued, with clear revenue growth and substantial exploration upside, making it a potential buy-out target.
Is It Worth Investing in Gold Royalty Corp (AMEX: GROY) Right Now?
GROY has 36-month beta value of 0.87. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 5 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for GROY is 141.15M, and currently, short sellers hold a 4.26% ratio of that float. The average trading volume of GROY on December 11, 2024 was 1.02M shares.
GROY’s Market Performance
GROY stock saw a decrease of 3.53% in the past week, with a monthly decline of -1.88% and a quarterly a decrease of 6.03%. The volatility ratio for the week is 3.25%, and the volatility levels for the last 30 days are 3.79% for Gold Royalty Corp (GROY). The simple moving average for the last 20 days is 2.54% for GROY stock, with a simple moving average of -15.28% for the last 200 days.
Analysts’ Opinion of GROY
Many brokerage firms have already submitted their reports for GROY stocks, with Raymond James repeating the rating for GROY by listing it as a “Outperform.” The predicted price for GROY in the upcoming period, according to Raymond James is $2.75 based on the research report published on June 03, 2024 of the current year 2024.
Scotiabank gave a rating of “Sector Outperform” to GROY, setting the target price at $3 in the report published on June 29th of the previous year.
GROY Trading at -3.84% 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 -40.51% of loss for the given period.
Volatility was left at 3.79%, however, over the last 30 days, the volatility rate increased by 3.25%, as shares sank -1.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.31% lower at present.
During the last 5 trading sessions, GROY rose by +3.54%, which changed the moving average for the period of 200-days by -22.65% in comparison to the 20-day moving average, which settled at $1.2822. In addition, Gold Royalty Corp saw -10.56% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for GROY
Current profitability levels for the company are sitting at:
- -4.4 for the present operating margin
- 0.49 for the gross margin
The net margin for Gold Royalty Corp stands at -10.38. The total capital return value is set at -0.01. Equity return is now at value -3.60, with -2.75 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 -0.16. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -6.5.
Currently, EBITDA for the company is -7.76 million with net debt to EBITDA at -3.48. When we switch over and look at the enterprise to sales, we see a ratio of 111.47. The receivables turnover for the company is 2.45for 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 1.63.
Conclusion
To put it simply, Gold Royalty Corp (GROY) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
