Scotiabank analyst Eric Winmill raised the firm’s price target on Gold Royalty (GROY) to $2.50 from $2.25 and keeps an Outperform rating on the shares. The company hosted a capital market day, with highlights including: significant growth expected over the next five years, on track to generate free cash flow in 2025, continued disciplined approved towards marketing and acquisition, and a reasonable balance sheet maintained, the analyst tells investors.
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