Canada's Gold Royalty Q2 revenue rises on portfolio expansion
GROY•Guidance and outlook
- Gold Royalty maintains 2026 guidance of 7,500-9,300 GEOs, based on $5,150/oz gold and $5.75/lb copper
- Company says commodity prices will affect 2026 GEOs calculation from copper and other metals
- Gold Royalty expects a catalyst-rich second half with progress at key projects
Drivers of the increase
- Portfolio expansion - Co said acquisitions of new royalty interests, including Ren, Sterling, and Granite Creek projects, contributed to growth
- Higher GEOs - Co reported over 40% growth in gold equivalent ounces in H1 2026, reaching new record levels, per CEO David Garofalo
- Commodity price leverage - Co said concentration in gold and copper assets provided strong leverage to gold and copper prices
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell". The average consensus recommendation for the investment management & fund operators peer group is "buy".
Wall Street's median 12-month price target for Gold Royalty Corp. is $5.00, about 85.9% above its August 4 closing price of $2.69. The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 42 three months ago.
Quarterly results rise on portfolio growth
- Canada gold royalty firm's Q2 revenue rose 76% yr/yr to record levels
