Gold Royalty (GROY) Gets a Buy from Canaccord Genuity
In a report released yesterday, from Canaccord Genuity maintained a Buy rating on Gold Royalty, with a price target of $4.50. The company’s shares closed yesterday at $4.85.
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Currently, the analyst consensus on Gold Royalty is a Strong Buy with an average price target of $5.29, implying a 9.07% upside from current levels. In a report released today, H.C. Wainwright also maintained a Buy rating on the stock with a $7.00 price target.
Based on Gold Royalty’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.15 million and a GAAP net loss of $1.13 million. In comparison, last year the company earned a revenue of $2.06 million and had a net profit of $3.42 million
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GROY in relation to earlier this year.
Read More on GROY:
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- Gold Royalty price target raised to $7 from $6.25 at H.C. Wainwright
- Gold Royalty price target raised to $5 from $4 at Scotiabank
- 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
