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.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GROY:
- Gold Royalty’s Strategic Positioning and Growth Potential Justify Buy Rating
- Gold Royalty jumps after Canaccord rolls out Buy rating
- Gold Royalty initiated with a Buy at Canaccord
- Gold Royalty Corp’s Earnings Call Highlights Growth and Challenges
- Gold Royalty’s Promising Financial Outlook and Strategic Growth Potential Earns Buy Rating