Gold Royalty For 2024 Expects Total Revenue Of $10M-$11.2M Vs. $11.71M Consensus; Sees Positive Operating Cash Flow For The Fiscal
Portfolio Pulse from Benzinga Newsdesk
Gold Royalty Corp. forecasts its total revenue for 2024 to be between $10M-$11.2M, which is below the consensus estimate of $11.71M. However, the company anticipates positive operating cash flow for the fiscal year.
March 28, 2024 | 10:32 am
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Gold Royalty Corp. expects its 2024 revenue to fall short of consensus estimates but anticipates positive operating cash flow.
The projected revenue shortfall compared to consensus estimates typically has a negative impact on investor sentiment and stock price in the short term. However, the anticipation of positive operating cash flow might mitigate some of the negative sentiment.
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