Gold Royalty Corp. Raises $70 Million by Issuing 17.5 Million Shares at $4 Each
Written by Emily J. Thompson, Senior Investment Analyst
Source: Globenewswire
Updated: 1 hour ago0mins
- Fundraising Scale: Gold Royalty Corp. has entered into an agreement to issue 17.5 million common shares at $4 each, raising approximately $70 million, which will enhance the company's financial strength to support future acquisitions.
- Acquisition Plan: The proceeds will be used to acquire an existing royalty on the Pedra Branca mine, currently operated by a subsidiary of BHP Group, which is expected to enhance Gold Royalty's market position and resource base in Brazil.
- Listing Process: The common shares are set to be listed on the NYSE American, with closing expected around December 11, 2025, which will further enhance the company's market visibility and investor confidence.
- Over-Allotment Option: The underwriters have the option to purchase up to 15% additional shares at the offering price within 30 days post-closing, potentially generating an extra $10.5 million for the company, thereby increasing financial flexibility.
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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.
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 4.380
Low
4.00
Averages
4.83
High
6.25
Current: 4.380
Low
4.00
Averages
4.83
High
6.25
Scotiabank
Outperform
maintain
$4
2025-10-23
Reason
Scotiabank
Price Target
$4
2025-10-23
maintain
Outperform
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.
Maxim
NULL -> Buy
initiated
$6
2025-09-11
Reason
Maxim
Price Target
$6
2025-09-11
initiated
NULL -> Buy
Reason
Maxim initiated coverage of Gold Royalty with a Buy rating and $6 price target.
Maxim
NULL -> Buy
initiated
$6
2025-09-11
Reason
Maxim
Price Target
$6
2025-09-11
initiated
NULL -> Buy
Reason
As previously reported, Maxim initiated coverage of Gold Royalty 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.
Scotiabank
Outperform
maintain
2025-08-11
Reason
Scotiabank
Price Target
2025-08-11
maintain
Outperform
Reason
Scotiabank raised the firm's price target on Gold Royalty to $3.30 from $2.80 and keeps an Outperform rating on the shares. The firm notes the company's free cash flow improvement continued through Q2 and the company expects continued improvement in the following quarters due to the successful ramp ups of several assets, the analyst tells investors.
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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
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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.
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