Scotiabank Raises Gold Royalty Target to $6, Maxim Foresees 2026 Profitability
Scotiabank raised the price target on Gold Royalty to $6 from $5, maintaining an Outperform rating based on higher precious metal forecasts due to geopolitical uncertainty and central bank buying. Maxim Group reiterated a Buy rating after Gold Royalty’s year-over-year revenue growth and Brazilian royalty acquisitions, forecasting profitability in 2026.
1. Price Target Increase
Scotiabank lifted its price target on Gold Royalty Corp to $6 from $5 while maintaining an Outperform rating, citing revised gold and silver price forecasts underpinned by geopolitical risks and robust central bank bullion purchases.
2. Buy Rating Reaffirmed
Maxim Group reiterated its Buy rating on Gold Royalty Corp following a sharp year-over-year revenue increase driven by a rise in gold prices, and highlighted recent Brazilian royalty acquisitions as key growth drivers.
3. Updated Growth and Profitability Forecasts
In updated financial models, Gold Royalty Corp is projected to move from an expected loss in 2025 to profitability in 2026, with both earnings and revenue forecast to expand through 2027.
4. Business Model Overview
Gold Royalty Corp operates as a precious metals royalty company, providing financing solutions to mining operators in exchange for royalty interests on gold and silver production.