Canaccord downgraded Gold Royalty (GROY) to Hold from Buy with a price target of $5, up from $4.50. The firm cites valuation for the downgrade following the Q4 operating results. Gold Royalty was the best performing gold royalty stock in 2025, rallying 307% since the end of 2024, the analyst tells investors in a research note. Canaccord says the stock is now trading at a premium to net asset value.
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Read More on GROY:
- Gold Royalty downgraded to Hold from Buy at Canaccord
- Gold Royalty acquires smelter returns royalty from Dundee Corporation for $45M
- Gold Royalty reports preliminary Q4 revenue $4.5M, consensus $3.4M
- Gold Royalty price target raised to $7 from $6.25 at H.C. Wainwright
- Gold Royalty price target raised to $5 from $4 at Scotiabank