Gold Royalty (GROY) Receives a Buy from BMO Capital
In a report released on December 8, Rene Cartier from BMO Capital resumed coverage with a Buy rating on Gold Royalty and a price target of $4.75. The company’s shares closed yesterday at $3.86.
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According to TipRanks, Cartier is a 5-star analyst with an average return of 30.4% and a 66.82% success rate. Cartier covers the Basic Materials sector, focusing on stocks such as Taseko Mines, Gold Royalty, and Triple Flag Precious Metals.
Gold Royalty has an analyst consensus of Strong Buy, with a price target consensus of $4.96, implying a 28.50% upside from current levels. In a report released on December 10, Maxim Group also maintained a Buy rating on the stock with a $5.00 price target.
Based on Gold Royalty’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.14 million and a GAAP net loss of $1.25 million. In comparison, last year the company earned a revenue of $2.89 million and had a GAAP net loss of $1.41 million
Read More on GROY:
Disclaimer & DisclosureReport an Issue
- Gold Royalty price target raised to $5.50 from $4.75 at National Bank
- Gold Royalty price target raised to $4.75 from $4.50 at BMO Capital
- Gold Royalty announces $70M bought deal financing
- Gold Royalty to acquire royalty from BlackRock World Mining Trust for $70M
- Gold Royalty’s Strong Financial Performance and Strategic Positioning Earns Buy Rating
