As previously reported, Maxim initiated coverage of Gold Royalty (GROY) with a Buy rating and $6 price target The company’s portfolio of royalties and streams currently consists of more than 248 assets in mining-friendly jurisdictions throughout the Americas and Europe, seven of which are cash-flowing, the analyst tells investors in a research note. Maxim adds that based on higher gold production and gold prices, it sees Gold Royalty increasing revenue to $18.5M in 2025, up 83% y/y, and to $35.5M in 2026, up 92% y/y.
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Read More on GROY:
- Gold Royalty initiated with a Buy at Maxim
- Gold Royalty Corp. Reports Record Earnings and Strategic Growth
- Gold Royalty price target raised to $3.30 from $2.80 at Scotiabank
- Gold Royalty Corp. Reports Record Revenue and Growth
- Gold Royalty’s Strong Financial Performance and Revised Price Target Amid Favorable Market Conditions