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Gold Royalty (GROY)
NYSE MKT:GROY
Holding GROY?
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Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
>-$0.01Last Year’s EPS
$0.01Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: -16.78%
|Next Earnings Date:Mar 27, 2025
Earnings Call Sentiment|Positive
The earnings call for Gold Royalty Corp reflected a strong performance with record revenue growth and a positive outlook for the coming quarters. The company highlighted significant progress at key mines and a robust portfolio pipeline. However, challenges such as lag in revenue recognition from Vares and external logistical issues in Bosnia were noted. Overall, the positive highlights outweigh the lowlights, indicating a promising future.Company Guidance
During Gold Royalty Corp.'s Q3 2024 earnings call, the company provided guidance indicating a strong financial performance and optimistic outlook. They achieved record total revenue, land agreement proceeds, and interest of $2.6 million in Q3, marking a 90% increase from the same period in 2023. Year-to-date, the company reported $9 million in total revenue, reflecting a 130% increase compared to 2023. The full-year guidance for 2024 was reiterated, with expected revenues of $13 million to $14 million. Key drivers for future growth include the ramp-up of the Cote Gold Mine and the Vares Mine, anticipated to significantly contribute to Q4 revenue and beyond. The company emphasized their stable cost structure, which is expected to translate into growing revenues and cash flows, further supported by strong commodity prices. They also reported a positive net income in the quarter, largely due to a $5.9 million noncash deferred tax asset from an internal reorganization. The expectation is set for continued growth in revenue and cash flow into 2025, with a focus on maintaining a disciplined capital allocation strategy and potentially paying down the revolving credit facility.Record Revenue Growth
Achieved record revenues for the 9 months ending September 30, 2024, with a 90% increase in quarterly revenue compared to Q3 2023, and a 130% increase year-to-date compared to 2023.
Positive Cash Flow from Operations
On track to deliver the first year of positive cash flow from operations with $1.3 million of cash provided by operating activities year-to-date.
Strong Fourth Quarter Outlook
Maintained total revenue guidance of $13 million to $14 million for 2024, with significant contributions expected from Cote Gold Mine and Vares Mine.
Deferred Tax Asset Realization
Reported positive net income in the quarter after recognizing a $5.9 million noncash deferred tax asset.
Operational Milestones at Key Mines
Ramp-up at Cote Gold Mine and Vares Mine on track, with significant increases in production expected in Q4 2024 and full revenue growth anticipated in 2025.
Strong Portfolio and Pipeline
Several catalysts across the portfolio, including development at Odyssey, Borborema, and Whistler, supporting robust growth expectations.
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GROY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GROY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $1.43 | $1.41 | -1.40% |
| Aug 13, 2024 | $1.32 | $1.28 | -3.03% |
| May 13, 2024 | $1.79 | $1.78 | -0.56% |
| Mar 28, 2024 | $1.99 | $1.88 | -5.53% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Gold Royalty (GROY) report earnings?
Gold Royalty (GROY) is schdueled to report earning on Mar 27, 2025, TBA Not Confirmed.
What is Gold Royalty (GROY) earnings time?
Gold Royalty (GROY) earnings time is at Mar 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GROY EPS forecast?
GROY EPS forecast for the fiscal quarter 2024 (Q4) is >-$0.01.
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