Gold Royalty Acquires 25% NSR on Pedra Branca Copper and Gold Mine
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Updated: 1 hour ago
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Source: Newsfilter
- Acquisition Completed: Gold Royalty Corp. has finalized its acquisition of a 25% NSR on the Pedra Branca copper and gold mine, which will enhance its investment portfolio in the metals and mining sector and improve the company's long-term return potential.
- Royalty Details: The acquisition includes a 2% NSR on copper and other products from the Pedra Branca West and East areas, as well as the depleted Antas North mine, further diversifying its royalty asset base.
- Strategic Importance: By investing in high-quality and sustainable mining operations, Gold Royalty aims to generate superior long-term returns for shareholders, aligning with its growth strategy through this acquisition.
- Market Positioning: Gold Royalty focuses on diversifying its investments in gold royalties, with its current portfolio primarily concentrated on gold projects in the Americas, which is expected to further solidify its market position.
GROY.A$0.0000%Past 6 months

No Data
Analyst Views on GROY
Wall Street analysts forecast GROY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GROY is 4.83 USD with a low forecast of 4.00 USD and a high forecast of 6.25 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast GROY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GROY is 4.83 USD with a low forecast of 4.00 USD and a high forecast of 6.25 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 4.040

Current: 4.040

BMO Capital raised the firm's price target on Gold Royalty to $4.75 from $4.50 and keeps an Outperform rating on the shares. Following a brief period of research restriction owing to Gold Royalty, the firm is resuming coverage, adding that the acquisition of the Pedra Branca royalty increases Gold Royalty's revenue, cash flow and number of producing assets which was done on an accretive basis. Moreover, based on the royalty revenue mix, the firm estimates primarily an increase in gold exposure, the analyst tells investors in a research note.
National Bank analyst Shane Nagle raised the firm's price target on Gold Royalty to $5.50 from $4.75 and keeps an Outperform rating on the shares. The firm is updating its model after the company has agreed to acquire a 25% gold royalty and 2% royalty on other metals from the Pedra Branca mine in Brazil from BlackRock World Mining Trust for $70M, the analyst tells investors in a research note.
Outperform
maintain
$4
Reason
Scotiabank raised the firm's price target on Gold Royalty to $4 from $3.30 and keeps an Outperform rating on the shares. The firm is updating its price targets on Gold & Precious Minerals stocks under its coverage, the analyst tells investors. Precious metals prices continue to rally due to global trade and geopolitical uncertainty, the firm adds. Additionally, the firm notes capital returns and corporate M&A momentum is poised to continue.
NULL -> Buy
initiated
$6
Reason
Maxim initiated coverage of Gold Royalty with a Buy rating and $6 price target.
About GROY
Gold Royalty Corp. is a Canada-based gold-focused royalty company offering financing solutions to the metals and mining industry. Its diversified portfolio includes approximately 248 royalty and streaming interests across properties of various stages, of which seven are on cash flowing assets. In acquiring newly created interests, the Company acts as a source of financing to mining companies for the development and exploration of projects. It does not conduct exploration, development or mining operations on the properties in which it holds interests. The Company's royalties include Vares, Isabella Pearl, Canadian Malartic, Borden, Cozamin, Marigold, Granite Creek, Edna Mountain, Bald Mountain, Hammond Reef South, Princesse Annie, Hunter Mine Group, Entre Deux Lacs, Calamity, Winnie Lake, Perestroika Ouest, Lac Lemoyne, Harricana Fault, Blue Mountain, Bejopipa, Bench Depth, Amikougami, Aquilon, Casault, Des Meloizes, Fancamp, and among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.