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.
CONFIDENCE 85
IMPORTANCE 90
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