Scotiabank lowered the firm’s price target on Gold Royalty (GROY) to $2.25 from $2.50 and keeps an Outperform rating on the shares. The firm is updating its estimates on the stock, assuming a later production profile at Barrick’s (GOLD) Ren Mine in Navada, where the company holds royalty in, the analyst tells investors.
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Read More on GROY:
- Gold Royalty Corp. Reports Strong Q3 2024 Results
- Gold Royalty price target lowered to $5.50 from $5.75 at H.C. Wainwright
- Gold Royalty reports Q3 adjusted EPS 2c, consensus 0c
- Gold Royalty Corp. (GROY) Q3 Earnings Cheat Sheet
- Gold Royalty sees FY24 GEOs 6,500-7,000, acquisitions to drive Q4 revenue
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