Gold Royalty

GROY · NYSE American

$2.93+$0.01 (+0.34%)TodayMarket closed · Oct 20, 8:00 PM ET

Prev close $2.92

GROY analyst rating

BuyConsensus of 4 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy4
Hold0
Underperform0
Sell0

12-month price target · 9 analysts

Average $5.28 (+80.3% upside)

Low: $4.04
Now: $2.93
High: $7.35

Upgrades and downgrades

The latest rating actions, newest first

GROY analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
TD Securities	Oct 8, 2026	Initiates	Buy	$4.00	50%
HC Wainwright & Co.	Aug 6, 2026	Maintains	Buy	$7.75 → $7.00	24%
Scotiabank	Jul 14, 2026	Maintains	Sector Outperform	$6.00 → $5.75	25%
HC Wainwright & Co.	May 7, 2026	Maintains	Buy	$6.75 → $7.75	24%
Canaccord Genuity	Apr 29, 2026	Upgrade	Hold → Buy	$5.00	50%
HC Wainwright & Co.	Apr 28, 2026	Maintains	Buy	$6.75	24%
HC Wainwright & Co.	Mar 20, 2026	Maintains	Buy	$7.00 → $6.75	24%
Scotiabank	Jan 26, 2026	Maintains	Sector Outperform	$5.00 → $6.00	25%
Canaccord Genuity	Jan 22, 2026	Downgrade	Buy → Hold	$4.50 → $5.00	50%
HC Wainwright & Co.	Jan 15, 2026	Maintains	Buy	$6.25 → $7.00	24%

The case for and against

Updated Jan 26, 2026

Bull case

Gold Royalty Corp is poised for revenue growth in the latter half of 2025, driven by the ramp-up of key projects such as Borborema and the achievement of nameplate throughput capacity at Côté Gold. The company has experienced a significant increase in gold pricing, with an average realized gold price reported at $3,279, reflecting a 40% year-over-year increase. Additionally, the overall robust performance of its portfolio, enhanced by contributions from projects like Côté Gold and Vareš, underscores a positive outlook for the company's financial trajectory.

Bear case

Gold Royalty Corp reported $3.8 million in revenue for the quarter, which was overshadowed by a net loss of $0.8 million, translating to a net loss of $0.00 per share. The persistent net loss suggests challenges in achieving profitability despite the revenue generated. Additionally, the company’s reliance on a single operating segment could expose it to risks associated with fluctuating market conditions in the precious metals industry.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.