Gold Royalty Corp (GROY) beat out earnings estimates for Q1 2024 this morning.
The stock is down 6.28% to $1.87 after the report.
The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.
The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.
InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.
Gold Royalty Corp has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 78, putting Gold Royalty Corp in the top 25% of stocks. The firm set a 52-week low on October 4, 2023 at $1.18 and set a 52-week high on April 13, 2023 at $2.48.
Gold Royalty Corp is a precious metals-focused royalty and streaming company. It offers creative financing solutions to the metals and mining industry. The company's mission is to acquire royalties, streams and similar interests at varying stages of the mine life cycle to build a balanced portfolio offering near, medium and longer-term attractive returns for investors.
News Home
Gold Royalty Corp Down 6.28% To $1.87 After Earnings
Mentioned in this article
