Gold, Silver, Miners | Portfolio Update
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 23 2025
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Analyst Views on GROY
Wall Street analysts forecast GROY stock price to rise
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 3.600
Low
4.75
Averages
5.21
High
6.25
Current: 3.600
Low
4.75
Averages
5.21
High
6.25
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 others. It also owns royalty of Borborema Gold Project.
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 Reports Record Revenue and Cash Flow for Q1 2026
- Record Revenue: In Q1 2026, Gold Royalty Corp achieved revenue of $7.2 million and total revenue of $9.4 million, reflecting a 318% increase compared to the same period in 2025, indicating strong growth potential in the gold royalty sector.
- Strong Cash Flow: The company reported an adjusted EBITDA of $7 million and cash flow of $4.47 million for the quarter, demonstrating significant improvements in profitability and cash management, which will support future expansion plans.
- Debt-Free Advantage: As of the end of Q1 2026, the company had over $13.6 million in cash with no debt and a fully undrawn $150 million credit facility, enhancing financial flexibility for future acquisitions and investments.
- Management Changes: John Griffith has been appointed as President of the company, while Jackie Przybylowski will expand her role to include sustainability efforts, underscoring the company's commitment to sustainable practices and leadership development.
See More
GOLD ROYALTY ACHIEVES ALL-TIME HIGH REVENUE AND CASH FLOW IN Q1 2026
Gold Royalty Reports: The company has released its financial results for the first quarter of 2026, highlighting key metrics.
Record Revenue and Cash Flow: The report indicates a significant increase in both revenue and cash flow compared to previous quarters.
See More
Greenland Mines' Skaergaard Project Metal Price Sensitivity Analysis
- Resource Enhancement: The Skaergaard project's palladium, gold, and platinum total increased by approximately 50% under high-price sensitivity scenarios, indicating a significant rise in potential value against the backdrop of rising gold prices, which may attract more investor interest.
- Platinum Price Forecast Upgrade: Bank of America raised its 2026 platinum price forecast from $1,825 to $2,450 and palladium from $1,525 to $1,725, reflecting strong market expectations for precious metal demand, which could drive stock prices of related companies higher.
- Resource Estimate Update: According to SLR Consulting's analysis, the palladium equivalent resource at the Skaergaard project increased from 11.41 million ounces to 16.58 million ounces in the high-price scenario, suggesting that future resource updates will be reported on a net smelter return (NSR) basis, aligning with industry best practices.
- Future Development Plans: Greenland Mines plans to evaluate open-pit and bulk mining scenarios in 2026, further enhancing the project's economic potential, supported by existing geological, geophysical, and topographic data, which may yield higher long-term returns for the company.
See More
Gold Royalty Q1 Earnings Report Analysis
- Earnings Performance: Gold Royalty reported a Q1 non-GAAP EPS of -$0.01, missing expectations by $0.02, indicating challenges in profitability, while revenue reached $7.18M, a 128.7% year-over-year increase, yet still fell short of the $2.17M forecast, reflecting market demand fluctuations.
- Gold Equivalent Production: The company produced 1,920 gold equivalent ounces (GEOs) in Q1, which, although below expectations, keeps it on track to meet its 2026 production target of 7,500 to 9,300 GEOs, indicating potential for future growth.
- Record Adjusted EBITDA: The reported adjusted EBITDA of $7.0M represents a remarkable 318% increase compared to the same period in 2025, showcasing significant operational efficiency improvements, despite overall revenue not meeting expectations, still reflecting strong profitability.
- Financial Health: As of the end of Q1, Gold Royalty holds over $13.6M in cash, has no debt, and maintains a fully undrawn $150M credit facility, including a $25M accordion feature, demonstrating the company's financial robustness and flexibility.
See More
Gold Royalty Corp Reports Record Q1 2026 Financial Results
- Record Revenue: In Q1 2026, Gold Royalty Corp achieved revenue of $7.2 million, representing a 129% increase compared to the same period in 2025, indicating strong performance in the gold royalty sector and further solidifying its market position.
- Significant EBITDA Growth: The company reported an adjusted EBITDA of $7 million for the first quarter, which is approximately 318% higher than the previous year, demonstrating a notable improvement in operational efficiency and enhancing its capacity for future investments.
- Strong Cash Position and No Debt: As of the end of Q1, the company had over $13.6 million in cash and no debt, along with a fully undrawn $150 million credit facility, providing robust financial support for future expansions and acquisitions.
- Management Changes: The company announced the appointment of John Griffith as President and expanded Jackie Przybylowski's role to include sustainability, reflecting a commitment to leadership and sustainability, aimed at advancing long-term strategic goals.
See More
U.S. Stocks Decline Amid Geopolitical Tensions and Earnings Strength
- Geopolitical Tensions: Stalled peace negotiations between the U.S. and Iran have led to rising oil prices, raising fresh concerns about inflation and global economic growth, as investors balance strong corporate earnings against geopolitical uncertainties.
- Earnings Performance: Verizon (VZ) reported a better-than-expected Q1, while Domino's Pizza (DPZ) posted disappointing results and announced an additional $1 billion share repurchase program, highlighting the varied market reactions to different companies.
- Acquisition Activity: Shell (SHEL) agreed to acquire ARC Resources (AETUF) for C$32.80 per share, while China blocked Meta's (META) acquisition of AI startup Manus, reflecting the complexities of the global M&A landscape.
- Market Index Fluctuations: Near midday, the Dow was down 0.25%, the Nasdaq down 0.28%, and the S&P 500 down 0.14%, indicating the market's sensitive response to geopolitical tensions and economic data.
See More
Gold Royalty Corp Reports Record Revenue and Cash Flow for Q1 2026
- Record Revenue: In Q1 2026, Gold Royalty Corp achieved revenue of $7.2 million and total revenue of $9.4 million, reflecting a 318% increase compared to the same period in 2025, indicating strong growth potential in the gold royalty sector.
- Strong Cash Flow: The company reported an adjusted EBITDA of $7 million and cash flow of $4.47 million for the quarter, demonstrating significant improvements in profitability and cash management, which will support future expansion plans.
- Debt-Free Advantage: As of the end of Q1 2026, the company had over $13.6 million in cash with no debt and a fully undrawn $150 million credit facility, enhancing financial flexibility for future acquisitions and investments.
- Management Changes: John Griffith has been appointed as President of the company, while Jackie Przybylowski will expand her role to include sustainability efforts, underscoring the company's commitment to sustainable practices and leadership development.
See More
GOLD ROYALTY ACHIEVES ALL-TIME HIGH REVENUE AND CASH FLOW IN Q1 2026
Gold Royalty Reports: The company has released its financial results for the first quarter of 2026, highlighting key metrics.
Record Revenue and Cash Flow: The report indicates a significant increase in both revenue and cash flow compared to previous quarters.
See More
Greenland Mines' Skaergaard Project Metal Price Sensitivity Analysis
- Resource Enhancement: The Skaergaard project's palladium, gold, and platinum total increased by approximately 50% under high-price sensitivity scenarios, indicating a significant rise in potential value against the backdrop of rising gold prices, which may attract more investor interest.
- Platinum Price Forecast Upgrade: Bank of America raised its 2026 platinum price forecast from $1,825 to $2,450 and palladium from $1,525 to $1,725, reflecting strong market expectations for precious metal demand, which could drive stock prices of related companies higher.
- Resource Estimate Update: According to SLR Consulting's analysis, the palladium equivalent resource at the Skaergaard project increased from 11.41 million ounces to 16.58 million ounces in the high-price scenario, suggesting that future resource updates will be reported on a net smelter return (NSR) basis, aligning with industry best practices.
- Future Development Plans: Greenland Mines plans to evaluate open-pit and bulk mining scenarios in 2026, further enhancing the project's economic potential, supported by existing geological, geophysical, and topographic data, which may yield higher long-term returns for the company.
See More
Gold Royalty Q1 Earnings Report Analysis
- Earnings Performance: Gold Royalty reported a Q1 non-GAAP EPS of -$0.01, missing expectations by $0.02, indicating challenges in profitability, while revenue reached $7.18M, a 128.7% year-over-year increase, yet still fell short of the $2.17M forecast, reflecting market demand fluctuations.
- Gold Equivalent Production: The company produced 1,920 gold equivalent ounces (GEOs) in Q1, which, although below expectations, keeps it on track to meet its 2026 production target of 7,500 to 9,300 GEOs, indicating potential for future growth.
- Record Adjusted EBITDA: The reported adjusted EBITDA of $7.0M represents a remarkable 318% increase compared to the same period in 2025, showcasing significant operational efficiency improvements, despite overall revenue not meeting expectations, still reflecting strong profitability.
- Financial Health: As of the end of Q1, Gold Royalty holds over $13.6M in cash, has no debt, and maintains a fully undrawn $150M credit facility, including a $25M accordion feature, demonstrating the company's financial robustness and flexibility.
See More
Gold Royalty Corp Reports Record Q1 2026 Financial Results
- Record Revenue: In Q1 2026, Gold Royalty Corp achieved revenue of $7.2 million, representing a 129% increase compared to the same period in 2025, indicating strong performance in the gold royalty sector and further solidifying its market position.
- Significant EBITDA Growth: The company reported an adjusted EBITDA of $7 million for the first quarter, which is approximately 318% higher than the previous year, demonstrating a notable improvement in operational efficiency and enhancing its capacity for future investments.
- Strong Cash Position and No Debt: As of the end of Q1, the company had over $13.6 million in cash and no debt, along with a fully undrawn $150 million credit facility, providing robust financial support for future expansions and acquisitions.
- Management Changes: The company announced the appointment of John Griffith as President and expanded Jackie Przybylowski's role to include sustainability, reflecting a commitment to leadership and sustainability, aimed at advancing long-term strategic goals.
See More
U.S. Stocks Decline Amid Geopolitical Tensions and Earnings Strength
- Geopolitical Tensions: Stalled peace negotiations between the U.S. and Iran have led to rising oil prices, raising fresh concerns about inflation and global economic growth, as investors balance strong corporate earnings against geopolitical uncertainties.
- Earnings Performance: Verizon (VZ) reported a better-than-expected Q1, while Domino's Pizza (DPZ) posted disappointing results and announced an additional $1 billion share repurchase program, highlighting the varied market reactions to different companies.
- Acquisition Activity: Shell (SHEL) agreed to acquire ARC Resources (AETUF) for C$32.80 per share, while China blocked Meta's (META) acquisition of AI startup Manus, reflecting the complexities of the global M&A landscape.
- Market Index Fluctuations: Near midday, the Dow was down 0.25%, the Nasdaq down 0.28%, and the S&P 500 down 0.14%, indicating the market's sensitive response to geopolitical tensions and economic data.
See More
