Gold Royalty Corp (GROY)

Gold Royalty Corp Stock (GROY) dropped by 1.81% from $1.66 to $1.63 in the trading on Thursday August 10, 2023. The reasons why GROY stock down today include:

• Declined revenue: Gold Royalty reported total revenue of $468 thoudsands, down from $1.91 million year-over-year. The decline were lower than expected primarily due to resequencing of production at the Barnat Pit at Canadian Malartic.
• Q3 estimates: Gold Royalty forecasts Q3 adjusted EPS of $(0.02), missing the estimate of $(0.01). The company expects to incur $7.0 to $8.0 million in recurring cash operating expenses in 2023.