Gold Royalty Corp (AMEX:GROY) price on current trading day, rose 0.84% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.80.
A look at the stock’s price movement, the level at last check in today’s session was $1.79. Turning to its 52-week performance, $1.97 and $1.16 were the 52-week high and 52-week low respectively. Overall, GROY moved 20.33% over the past month.
Gold Royalty Corp’s market cap currently stands at around $307.73 million, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 100k for the company’s revenue for the quarter, with a low and high estimate of 100k and 100k respectively. The average forecast suggests down to a -94.43% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 18.05M, representing a 78.66% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GROY is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend GROY as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
GROY’s current price about 14.80% and 19.23% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 69.87, while 7-day volatility ratio is 2.87% and 3.35% in the 30-day chart. Further, Gold Royalty Corp (GROY) has a beta value of 0.85, and an average true range (ATR) of 0.08. Analysts have given the company’s stock an average 52-week price target of $2.75, forecast between a low of $2.5 and high of $8. Looking at the price targets, the low is -38.89% off recent price level in today’s trading while to achieve the yearly target high, it has to move -344.44%. Nonetheless, investors will most likely welcome a -52.78% jump to $2.75 which is the analysts’ median price.
If we refocus on Gold Royalty Corp (AMEX:GROY), historical trading data shows that trading volumes averaged 1.51 million over the past 3 months. The company’s latest data on shares outstanding shows there are 170.49 million shares.
The 16.92% of Gold Royalty Corp’s shares are in the hands of company insiders while institutional holders own 14.03% of the company’s shares. Current price change has pushed the stock 49.17% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GROY stock continues to rise going into the next quarter.
