GROY Should I Buy
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Gold Royalty Corp is not a good buy right now for a Beginner with a long-term focus, despite having $50,000-$100,000 to invest. The stock has some encouraging fundamentals and a fresh analyst upgrade, but the current technical setup is still weak and the shares are trading below the recent pivot. If the investor is impatient and wants to buy now rather than wait for a better entry, this is still not the best long-term entry point. I would not call it a strong buy at the current pre-market price of 3.46.
GROY is in a weak short-term trend. MACD histogram is negative and worsening, RSI at 39.1 shows weak but not oversold momentum, and the moving averages are bearish with SMA_200 > SMA_20 > SMA_5. Price at 3.46 is below pivot resistance at 3.587, while support sits at 3.342 and 3.191. That means the stock is still battling downward pressure, and the next-day and next-week trend estimates are not supportive. Overall, technicals favor waiting for confirmation rather than buying immediately.
["Canaccord upgraded GROY to Buy from Hold on 2026-04-29 with a $5 target.", "Q1 2026 reported record total revenue of $9.4 million, helped by land agreement proceeds.", "Company maintained 2026 production guidance of 7,500 to 9,300 ounces.", "Options flow leans bullish with low put-call ratios."]
["Price action is technically weak with bearish moving averages and a negative MACD histogram.", "The stock is below pivot resistance and has nearby downside levels at 3.342 and 3.191.", "H.C. Wainwright cut its price target to $6.75 from $7 due to dilution.", "Net income and EPS declined in the latest reported quarter despite revenue growth.", "No meaningful insider, hedge fund, or congress trading support was identified."]
In Q3 2025, revenue increased 101.36% year over year to 4.148 million, which is strong top-line growth. However, net income fell to -1.133 million and EPS stayed negative at -0.01, showing the business is still not profitable. Gross margin also declined to 70.44% from the prior year. The latest disclosed seasonal quarter was Q3 2025, and the more recent news for Q1 2026 showed record revenue of $9.4 million, which is a positive sign for growth momentum.
Analyst sentiment has improved recently. On 2026-04-29, Canaccord upgraded Gold Royalty to Buy from Hold and kept a $5 target. Earlier, on 2026-03-20, H.C. Wainwright lowered its target to $6.75 from $7 but maintained a Buy rating, citing dilution. Wall Street is generally constructive, but the view is mixed because target cuts and dilution concerns offset the upgrade. Overall pros see revenue growth and upside potential, while the cons focus on dilution, weak profitability, and execution risk.
