Update shared on 14 Nov 2025
Analysts have raised their price target for Gold Royalty to $6, citing expectations of higher gold prices and production. These factors are projected to drive substantial revenue growth in the coming years.
Analyst Commentary
Bullish analysts have highlighted several key drivers behind their positive outlook and enhanced valuation for Gold Royalty.
Bullish Takeaways- Gold Royalty’s diversified portfolio contains over 248 assets across mining-friendly jurisdictions in the Americas and Europe. This reduces jurisdictional and operational risk.
- Seven assets are currently generating cash flow, providing a strong foundation for ongoing revenue stability and growth.
- Revenue is projected to rise significantly, with forecasts of $18.5 million in 2025 and $35.5 million in 2026. This implies robust year-over-year growth of 83% and 92% respectively.
- Favorable trends in gold pricing and increased production are expected to support both top-line growth and improved valuation metrics in the near to medium term.
At this point, analysts see limited material downside risks cited in the current research commentary. Most emphasize the growth potential underpinned by sector tailwinds and asset diversification.
What's in the News
- Gold Royalty Corp. issued new 2025 production guidance, expecting total 2025 GEOs to be around or just below the bottom of the projected range of 5,700 to 7,000 ounces (Key Developments).
- Gold Royalty Corp. (NYSEAM:GROY) has been added to the S&P/TSX Global Mining Index (Key Developments).
Valuation Changes
- The discount rate has risen slightly from 7.30% to 7.73%, reflecting a modest increase in perceived risk or cost of capital.
- Revenue growth projections have edged down, from 66.8% to 65.0% year-over-year, indicating slightly tempered expectations for top-line expansion.
- Net profit margin has improved significantly, increasing from 47.0% to 58.2%, which points to a stronger anticipated operating efficiency and profitability.
- The future P/E (Price-to-Earnings) ratio has decreased from 38.9x to 30.4x, suggesting enhanced value for investors based on forward earnings expectations.
Disclaimer
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