Scotiabank Brokers Lower Earnings Estimates for Gold Royalty

Gold Royalty Corp. (NYSEAMERICAN:GROY) – Equities researchers at Scotiabank cut their FY2027 EPS estimates for shares of Gold Royalty in a research note issued to investors on Friday, April 10th. Scotiabank analyst E. Winmill now forecasts that the company will earn $0.14 per share for the year, down from their prior forecast of $0.15. Scotiabank currently has a “Outperform” rating and a $6.00 price target on the stock. The consensus estimate for Gold Royalty’s current full-year earnings is ($0.03) per share.

A number of other research analysts have also issued reports on the stock. Canaccord Genuity Group reissued a “hold” rating and set a $5.00 target price (up from $4.50) on shares of Gold Royalty in a research note on Thursday, January 22nd. HC Wainwright reduced their target price on shares of Gold Royalty from $7.00 to $6.75 and set a “buy” rating for the company in a research note on Friday, March 20th. Maxim Group set a $7.00 target price on shares of Gold Royalty in a research note on Friday, January 23rd. Finally, Zacks Research lowered shares of Gold Royalty from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $5.64.

Gold Royalty Stock Up 1.1%

Shares of NYSEAMERICAN:GROY opened at $3.69 on Monday. The firm has a 50-day simple moving average of $4.00 and a 200 day simple moving average of $4.02. The company has a market cap of $851.62 million, a PE ratio of -184.50 and a beta of 1.06. Gold Royalty has a fifty-two week low of $1.43 and a fifty-two week high of $5.45.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GROY. Caitong International Asset Management Co. Ltd increased its stake in Gold Royalty by 363,800.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 7,278 shares of the company’s stock valued at $29,000 after buying an additional 7,276 shares during the period. Pacifica Partners Inc. acquired a new position in Gold Royalty in the 3rd quarter valued at approximately $32,000. Geneos Wealth Management Inc. increased its stake in Gold Royalty by 68.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 16,800 shares of the company’s stock valued at $37,000 after buying an additional 6,800 shares during the period. SevenBridge Financial Group LLC acquired a new position in Gold Royalty in the 4th quarter valued at approximately $40,000. Finally, Aptus Capital Advisors LLC acquired a new position in Gold Royalty in the 4th quarter valued at approximately $40,000. Institutional investors and hedge funds own 33.75% of the company’s stock.

Gold Royalty Company Profile

Gold Royalty Corp is a precious metals royalty and streaming company that focuses on acquiring and managing royalty interests in gold, silver and other metal assets. The company provides upfront funding to mining operators in exchange for a percentage of future metal production, offering an alternative financing model that can reduce capital requirements and accelerate development timelines for mining projects.

The firm’s diversified portfolio spans royalty and stream agreements across the Americas, with interests in operating mines, development‐stage assets and advanced exploration projects.