Gold Royalty Corp Upsizes Credit Facility to $150 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 hours ago
0mins
Should l Buy BMO?
Source: Yahoo Finance
- Credit Facility Expansion: Gold Royalty Corp has entered into an agreement to upsize its existing credit facility to $150 million, which includes a $125 million secured revolving credit line and an additional $25 million accordion feature, aimed at reducing capital costs to support future growth strategies.
- Significant Production Increase: Aura Minerals reported that the Borborema project produced 15,777 gold equivalent ounces in Q1 2026, reflecting a 54% quarter-over-quarter increase, indicating that production capacity is ramping up and is expected to drive revenue growth for Gold Royalty.
- Mining Project Advancements: IAMGOLD completed the installation of an additional secondary crusher at the Côté Gold project and plans to install an extra Vertimill by early 2027, which is expected to enhance ore processing efficiency and increase Gold Royalty's revenue potential from this project.
- Cash Flow Growth Expectations: The CEO of Gold Royalty indicated that with the development progress of several cornerstone assets, significant revenue and cash flow growth is anticipated in 2026, particularly from projects like Granite Creek, Odyssey, and Ren, which are expected to contribute substantial revenues between 2027 and 2030.
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Analyst Views on BMO
Wall Street analysts forecast BMO stock price to fall
10 Analyst Rating
2 Buy
8 Hold
0 Sell
Hold
Current: 142.500
Low
128.13
Averages
133.97
High
144.69
Current: 142.500
Low
128.13
Averages
133.97
High
144.69
About BMO
Bank of Montreal (the Bank) is a North American bank. The Bank provides a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services. The Bank serves about 13 million customers across North America, and in select markets globally, through three integrated operating groups: Personal and Commercial Banking (P&C), BMO Wealth Management and BMO Capital Markets. The P&C operating group represents the sum of its two retail and commercial operating segments, Canadian Personal and Commercial Banking (Canadian P&C) and U.S. Personal and Commercial Banking (U.S. P&C). BMO Wealth Management serves a full range of clients, from individuals and families to business owners and institutions, offering a wide spectrum of wealth, asset management and insurance products and services. BMO Capital Markets offers a comprehensive range of products and services to corporate, institutional and government clients.
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.
Gold Royalty Corp Upsizes Credit Facility to $150 Million
- Credit Facility Expansion: Gold Royalty Corp has entered into an agreement to upsize its existing credit facility to $150 million, which includes a $125 million secured revolving credit line and an additional $25 million accordion feature, aimed at reducing capital costs to support future growth strategies.
- Significant Production Increase: Aura Minerals reported that the Borborema project produced 15,777 gold equivalent ounces in Q1 2026, reflecting a 54% quarter-over-quarter increase, indicating that production capacity is ramping up and is expected to drive revenue growth for Gold Royalty.
- Mining Project Advancements: IAMGOLD completed the installation of an additional secondary crusher at the Côté Gold project and plans to install an extra Vertimill by early 2027, which is expected to enhance ore processing efficiency and increase Gold Royalty's revenue potential from this project.
- Cash Flow Growth Expectations: The CEO of Gold Royalty indicated that with the development progress of several cornerstone assets, significant revenue and cash flow growth is anticipated in 2026, particularly from projects like Granite Creek, Odyssey, and Ren, which are expected to contribute substantial revenues between 2027 and 2030.
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Fortinet Price Target Raised to $95 by BMO
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- Earnings Beat Expectations: BMO Capital increased Fortinet's price target to $95, highlighting the company's fourth-quarter results that exceeded expectations, indicating strong performance across key metrics that may attract more investor interest.
- Optimistic Growth Outlook: Fortinet's management projects FY26 billings growth of 13% YoY, surpassing the street forecast of 11%, suggesting sustained growth potential in the cybersecurity sector, despite disappointing service growth.
- Market Opportunity Analysis: While Fortinet's prospects in the SASE space are viewed positively, analysts note that certain AI stocks may offer greater upside potential and lower downside risk, urging investors to choose wisely.
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Brown & Brown Stock Rating Downgraded
- Rating Maintenance and Price Target Cut: Michael Zaremski from BMO Capital and Yaron Kinar from Mizuho Securities both maintained a Hold rating on Brown & Brown (NYSE:BRO), lowering their price targets from $88 to $81 and from $90 to $84 respectively, indicating a cautious market outlook.
- Valuation Analysis: Zaremski noted that while P/E ratios are at discounted levels, the enterprise value to EBITDA and free cash flow yield remain expensive compared to the S&P 500, suggesting limited attractiveness for the stock.
- Earnings Forecast Adjustment: BMO Capital reduced its EBITDA estimates for Brown & Brown by approximately 3% and projected a 2.4% organic growth in 2026, reflecting a cautious stance on the company's future growth prospects.
- Lack of Positive Catalysts: Analysts believe there are no positive catalysts to drive the stock price higher in the near term, hence the Hold rating and reduced price target, indicating a pessimistic outlook for the stock's short-term performance.
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SLB N.V. Stock Analysis and Outlook
- Stock Price Surge: SLB N.V. shares have risen 20% over the past year and year-to-date, indicating strong market performance and reflecting investor confidence in its future growth.
- Price Target Increase: BMO Capital raised SLB's price target from $53 to $55 while maintaining an Outperform rating, signaling optimism about the company's outlook for 2026.
- Positive Industry Outlook: JPMorgan also increased SLB's price target from $43 to $54, emphasizing that the company's 2026 outlook was a key factor in the rating upgrade, showcasing recognition of its long-term growth potential.
- Favorable Market Commentary: Jim Cramer praised SLB's earnings performance, suggesting that the stock might be one of the few worth buying following President Trump's actions in Venezuela, further bolstering market confidence in the company.
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Municipality Finance Plc Issues $500 Million Benchmark Bond
- Benchmark Bond Issuance: Municipality Finance Plc is set to issue a $500 million benchmark bond on January 21, 2026, maturing on February 4, 2030, with an interest rate of Compounded SOFR plus 100 basis points, indicating the company's active engagement in capital markets.
- Funding Program Context: This issuance is part of MuniFin's €50 billion debt issuance program, reflecting the company's ongoing strategy to leverage international capital markets to finance socially responsible investment projects.
- Exchange Listing Application: MuniFin has applied for the benchmark bond to be listed on the Nasdaq Helsinki, with public trading expected to commence on January 21, 2026, enhancing its market liquidity and attractiveness to investors.
- Joint Lead Managers: The bond issuance is managed by Bank of Montreal, Citigroup Global Markets, and RBC Capital Markets, demonstrating strong market confidence and support for MuniFin's debt instruments.
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Trump Administration's Influence: The Trump administration's attempts to pressure the Federal Reserve into lowering interest rates may not achieve the intended results.
Potential Backfire: These efforts could potentially backfire, delaying the anticipated rate cuts that both central bank officials and the markets expect for the year.
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Gold Royalty Corp Upsizes Credit Facility to $150 Million
- Credit Facility Expansion: Gold Royalty Corp has entered into an agreement to upsize its existing credit facility to $150 million, which includes a $125 million secured revolving credit line and an additional $25 million accordion feature, aimed at reducing capital costs to support future growth strategies.
- Significant Production Increase: Aura Minerals reported that the Borborema project produced 15,777 gold equivalent ounces in Q1 2026, reflecting a 54% quarter-over-quarter increase, indicating that production capacity is ramping up and is expected to drive revenue growth for Gold Royalty.
- Mining Project Advancements: IAMGOLD completed the installation of an additional secondary crusher at the Côté Gold project and plans to install an extra Vertimill by early 2027, which is expected to enhance ore processing efficiency and increase Gold Royalty's revenue potential from this project.
- Cash Flow Growth Expectations: The CEO of Gold Royalty indicated that with the development progress of several cornerstone assets, significant revenue and cash flow growth is anticipated in 2026, particularly from projects like Granite Creek, Odyssey, and Ren, which are expected to contribute substantial revenues between 2027 and 2030.
See More
Fortinet Price Target Raised to $95 by BMO
- Analyst Rating Upgrade: Citi analyst Fatima Boolani raised Fortinet's price target from $85 to $90 while maintaining a Neutral rating, reflecting cautious optimism in the market with an expected upside of 6.81%.
- Earnings Beat Expectations: BMO Capital increased Fortinet's price target to $95, highlighting the company's fourth-quarter results that exceeded expectations, indicating strong performance across key metrics that may attract more investor interest.
- Optimistic Growth Outlook: Fortinet's management projects FY26 billings growth of 13% YoY, surpassing the street forecast of 11%, suggesting sustained growth potential in the cybersecurity sector, despite disappointing service growth.
- Market Opportunity Analysis: While Fortinet's prospects in the SASE space are viewed positively, analysts note that certain AI stocks may offer greater upside potential and lower downside risk, urging investors to choose wisely.
See More
Brown & Brown Stock Rating Downgraded
- Rating Maintenance and Price Target Cut: Michael Zaremski from BMO Capital and Yaron Kinar from Mizuho Securities both maintained a Hold rating on Brown & Brown (NYSE:BRO), lowering their price targets from $88 to $81 and from $90 to $84 respectively, indicating a cautious market outlook.
- Valuation Analysis: Zaremski noted that while P/E ratios are at discounted levels, the enterprise value to EBITDA and free cash flow yield remain expensive compared to the S&P 500, suggesting limited attractiveness for the stock.
- Earnings Forecast Adjustment: BMO Capital reduced its EBITDA estimates for Brown & Brown by approximately 3% and projected a 2.4% organic growth in 2026, reflecting a cautious stance on the company's future growth prospects.
- Lack of Positive Catalysts: Analysts believe there are no positive catalysts to drive the stock price higher in the near term, hence the Hold rating and reduced price target, indicating a pessimistic outlook for the stock's short-term performance.
See More
SLB N.V. Stock Analysis and Outlook
- Stock Price Surge: SLB N.V. shares have risen 20% over the past year and year-to-date, indicating strong market performance and reflecting investor confidence in its future growth.
- Price Target Increase: BMO Capital raised SLB's price target from $53 to $55 while maintaining an Outperform rating, signaling optimism about the company's outlook for 2026.
- Positive Industry Outlook: JPMorgan also increased SLB's price target from $43 to $54, emphasizing that the company's 2026 outlook was a key factor in the rating upgrade, showcasing recognition of its long-term growth potential.
- Favorable Market Commentary: Jim Cramer praised SLB's earnings performance, suggesting that the stock might be one of the few worth buying following President Trump's actions in Venezuela, further bolstering market confidence in the company.
See More
Municipality Finance Plc Issues $500 Million Benchmark Bond
- Benchmark Bond Issuance: Municipality Finance Plc is set to issue a $500 million benchmark bond on January 21, 2026, maturing on February 4, 2030, with an interest rate of Compounded SOFR plus 100 basis points, indicating the company's active engagement in capital markets.
- Funding Program Context: This issuance is part of MuniFin's €50 billion debt issuance program, reflecting the company's ongoing strategy to leverage international capital markets to finance socially responsible investment projects.
- Exchange Listing Application: MuniFin has applied for the benchmark bond to be listed on the Nasdaq Helsinki, with public trading expected to commence on January 21, 2026, enhancing its market liquidity and attractiveness to investors.
- Joint Lead Managers: The bond issuance is managed by Bank of Montreal, Citigroup Global Markets, and RBC Capital Markets, demonstrating strong market confidence and support for MuniFin's debt instruments.
See More
The Potential Consequences of Attacking the Fed
Trump Administration's Influence: The Trump administration's attempts to pressure the Federal Reserve into lowering interest rates may not achieve the intended results.
Potential Backfire: These efforts could potentially backfire, delaying the anticipated rate cuts that both central bank officials and the markets expect for the year.
See More
