Gold Royalty, the Basic Materials sector company, was revisited by a Wall Street analyst yesterday. Analyst Rene Cartier from BMO Capital maintained a Buy rating on the stock and has a $3.00 price target.
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Rene Cartier has given his Buy rating due to a combination of factors that highlight Gold Royalty’s promising outlook. The company reported preliminary Q2/25 results that slightly exceeded expectations, with total revenue, land agreement proceeds, and interest amounting to $4.4 million, surpassing the anticipated $4.1 million. This performance indicates a positive trajectory for the company, as it continues to deliver on its growth expectations.
Furthermore, Gold Royalty has reiterated its guidance for 2025, forecasting a significant increase in GEOs, with production expected to be more robust in the latter half of the year. Despite the challenge of having a largely non-producing portfolio, the company’s ongoing efforts to execute new transactions, enhance its shareholder base, and diversify its portfolio are seen as potential catalysts for improving its market valuation. These strategic initiatives, coupled with the management’s execution capabilities, underpin Cartier’s optimistic outlook for the stock.
In another report released on July 16, National Bank also maintained a Buy rating on the stock with a $3.00 price target.
GROY’s price has also changed dramatically for the past six months – from $1.250 to $2.510, which is a 100.80% increase.