How to Buy Gold Royalty Stock
Gold Royalty Corp
Gold Royalty is a precious metal company located in British Columbia, Canada, which is part of the Basic Materials sector, and is traded under the ticker GROY on the NYSEMKT exchange.
Gold Royalty stock last closed at $4.25, down 2.97% from the previous day, and has increased 242.74% in one year. It has overperformed other stocks in the Other Precious Metals & Mining industry by 1.31 percentage points. Gold Royalty stock is currently +266.38% from its 52-week low of $1.16, and -5.35% from its 52-week high of $4.49.
There are currently 171.6M shares of GROY outstanding. The market value of GROY is $729.30M. In the last 24 hours, 2.7M GROY shares were traded.
How to Buy Gold Royalty Stock
Wondering how to invest in Gold Royalty stock? Here's how.
- Figure out where to buy Gold Royalty stock: You need to choose an online brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you figure out where to buy Gold Royalty stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your investment account: Choose your method of payment and add your info.
- Evaluate Gold Royalty stock: The Gold Royalty ticker symbol is GROY. Is Gold Royalty stock a good investment? Should you buy shares of GROY? How do GROY's underlying business fundamentals look? Do top analysts think Gold Royalty is a good buy? Why has GROY's stock price moved recently? (Hint: Our stock market research tools can help you figure out if GROY is a good stock to buy).
- Execute your GROY buy order: Decide if you will purchase GROY shares at the current market price or use a limit order to buy GROY shares at a particular price.
- Track your GROY investment: Create a watchlist to keep tabs on your new investment in Gold Royalty stock.
Step 1: Figure out where to buy Gold Royalty stock
You need a brokerage account to access the NYSEMKT market and buy GROY stock.
Our preferred brokerage: eToro
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- Security: eToro is a regulated and licensed brokerage platform.
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Get $10 towards your stock purchase by signing up for an account with eToro now. This offer is only for US users.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen your brokerage, the next step is to fill out some personal info so you can invest in GROY stock today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to start your new trading account.
- Submit your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have opened your account on the stocks app, your next step is to transfer the money for your investment:
Check out the tutorial below to see the process of depositing money into your brokerage account.
Step 4: Evaluate Gold Royalty stock
Once you have identified the best place to buy Gold Royalty stock, it's very important to evaluate their stock prior to investing, so you truly wrap your head around the risk as well as the upside.
Gold Royalty quick stats
Gold Royalty Overview
WallStreetZen was built to help part-time investors do more accurate fundamental analysis in less time.
You can see all of the due diligence checks on GROY's stock page.
What is the fair value of GROY stock?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge GROY's true value.
Using relative valuations measures:
- GROY could be undervalued based on its P/B ratio of 1.3x, relative to Other Precious Metals & Mining industry P/B ratio of 3.39x
You can access additional valuation research on GROY's stock here.
GROY Financial Overview
Positive Financial Indicators:
- Total GROY debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the GROY balance sheet.
- GROY has a low debt to equity ratio of 0.32.
Negative Financial Indicators:
- GROY's operating cash flow of $7.26M allows it to safely service it's debt of $50.80M.
- GROY earnings of $2.03M is not sufficient to cover its interest payments.
- There are more long-term liabilities than short-term assets on the GROY balance sheet.
- GROY profit margin has gone up by 2.08 percentage points in the past year, but the company is still unprofitable.
Is it a good time to buy GROY stock, according to analysts?
Out of 5 Equities analysts who track GROY, the consensus analyst rating on Gold Royalty is a Strong Buy
It's important to note that analyst ratings are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are forecasting on the Gold Royalty stock forecast page.
GROY Technicals
How is GROY performing as a company?
Last year, GROY revenue was $14.46M. Over the past four year, GROY's revenue has gone up by 194.61% per year. This was faster than the Other Precious Metals & Mining industry average of 32.89%.
You can analyze GROY's earnings and revenue performance here.
What are GROY insiders up to?
Over the last 12 months, executives and large shareholders at GROY have not bought or sold any shares.
Research more about who owns GROY shares here.
Does GROY provide a stable income stream?
No, Gold Royalty doesn't provide an income stream by paying out dividends.
Get analysis from other traders
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Execute your GROY buy order
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount, place a limit order.
Click the Open button and eToro will place your order.
If you require additional info about buying stocks on eToro, watch the helpful video below:
Step 6: Track your GROY investment
Now that you own some GROY shares, you'll want to keep up with your shares.
Create a watchlist to see the latest developments about your GROY stock.
GROY Feed
How to Buy Stock in Gold Royalty
To reiterate, here are the 6 steps for buying Gold Royalty stock:
- Figure out where to buy Gold Royalty stock
- Sign up for a brokerage account
- Fund your investment account
- Evaluate Gold Royalty stock
- Execute your GROY buy order
- Track your GROY investment
If you require a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to track your investment in Gold Royalty, create a watchlist on WallStreetZen today.
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