H.C. Wainwright raised the firm’s price target on Gold Royalty (GROY) to $7 from $6.25 and keeps a Buy rating on the shares after the company acquired an additional net smelter return royalty on the Borborema mine. The firm cites revisions to its price deck for the target dump.
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Read More on GROY:
- Gold Royalty price target raised to $5 from $4 at Scotiabank
- Gold Royalty price target raised to $5.50 from $4.75 at National Bank
- Gold Royalty price target raised to $4.75 from $4.50 at BMO Capital
- Gold Royalty announces $70M bought deal financing
- Gold Royalty to acquire royalty from BlackRock World Mining Trust for $70M