Analysts raise Gold Royalty Corp’s target following 132% revenue growth and a swing to profitability in Q1 2026.
H.C. Wainwright increased its price target on Gold Royalty Corp (GROY) to $7.75 from $6.75, maintaining a Buy rating. The revision follows the company’s record Q1 2026 revenue of $7.2 million, up from $3.1 million a year earlier.
Gold Royalty reported net income of $1.8 million, or $0.01 per share, compared to a $1.2 million loss in Q1 2025. Production rose to 1,920 gold equivalent ounces (GEOs), up from 1,249 GEOs in the prior-year period. The company expects 7,500 to 9,300 GEOs for full-year 2026.
Gold Royalty ended Q1 with $13.6 million in cash and no debt, alongside a $150 million credit facility. The firm provides financing solutions to the mining sector.