Precious Metals
Gold Royalty Corp. (AMEX: GROY): Don’t Ditch GROY Stock In 2022
In the last trading session, 1.04 million Gold Royalty Corp. (AMEX:GROY) shares changed hands as the company’s beta touched 0. With the company’s per…
In the last trading session, 1.04 million Gold Royalty Corp. (AMEX:GROY) shares changed hands as the company’s beta touched 0. With the company’s per share price at $2.43 changed hands at $0.04 or 1.67% during last session, the market valuation stood at $366.23M. GROY’s last price was a discount, traded about -130.45% off its 52-week high of $5.60. The share price had its 52-week low at $2.11, which suggests the last value was 13.17% up since then. When we look at Gold Royalty Corp.’s average trading volume, we note the 10-day average is 1.18 million shares, with the 3-month average coming to 508.83K.
Gold Royalty Corp. (AMEX:GROY) trade information
Instantly GROY was in green as seen at the end of in last trading. With action 13.02%, the performance over the past five days has been green. The jump to weekly highs of 2.60 on Tuesday, 10/18/22 added 1.67% to the stock’s daily price. The company’s shares are showing year-to-date downside of -50.61%, with the 5-day performance at 13.02% in the green. However, in the 30-day time frame, Gold Royalty Corp. (AMEX:GROY) is -7.95% down. Looking at the short shares, we see there were 0.6 million shares sold at short interest cover period of 1.59 days.
The consensus price target for the stock as assigned by Wall Street analysts is $6.00, meaning bulls need an upside of 59.5% from its current market value. According to analyst projections, GROY’s forecast low is $3.75 with $8.00 as the target high. To hit the forecast high, the stock’s price needs a -229.22% plunge from its current level, while the stock would need to soar -54.32% for it to hit the projected low.
Gold Royalty Corp. (GROY) estimates and forecasts
Data shows that the Gold Royalty Corp. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -45.27% over the past 6 months, a 77.78% in annual growth rate that is considerably higher than the industry average of -1.20%. Year-over-year growth is forecast to reach 2,374.00% up from the last financial year.
The 2022 estimates are for Gold Royalty Corp. earnings to increase by 82.20%.
GROY Dividends
Gold Royalty Corp. is expected to release its next quarterly earnings report between December 21 and December 28. The 1.65% annual yield figure for the share gives it an annual dividend of 0.04. It is important to note, however, that the 1.65% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Gold Royalty Corp. (AMEX:GROY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 29.56% of Gold Royalty Corp. shares while 12.55% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 17.82%. There are 12.55% institutions holding the Gold Royalty Corp. stock share, with Van Eck Associates Corporation the top institutional holder. As of Mar 30, 2022, the company held 4.28% of the shares, roughly 5.73 million GROY shares worth $23.61 million.
Caisse De Depot Et Placement Du Quebec holds the second largest percentage of outstanding shares, with 1.98% or 2.64 million shares worth $10.89 million as of Mar 30, 2022.
With 4.83 million shares estimated at $10.87 million under it, the former controlled 3.61% of total outstanding shares.
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