As previously reported, Canaccord initiated coverage of Gold Royalty (GROY) with a Buy rating and $3 price target The stock in midday trading is up 11%, or 22c, to $2.19. The company is “geared for growth,” the analyst told investors in a research note. The firm sees Gold Royalty’s gold production tripling over the next five years to 19,000 ounces in 2029, with “steady” growth each year. Canaccord adds the company is free cash flow positive as of 2024.
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Read More on GROY:
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