Key Takeaways Gold prices recovered after a sharp drop, supported by geopolitical conflicts and a weak U.S. dollar.AU, GFI, NGD, DRD and GROY are benefiting with gold prices rising nearly 15% year to date.Central bank buying, supply constraints and rising industrial demand are boosting optimism for gold miners.On Feb. 3, the price of spot gold recovered some lost ground after closing above $5,000/Oz. The price of the yellow metal declined sharply after hitting a record-high of nearly $5,600/Oz on Jan. 29. H ...

Gold Royalty Corp. (NYSE:GROY) is among the 11 Best Gold Stocks to Buy for 2026. Scotiabank Maintains an Outperform Rating on Gold Royalty Corp. (GROY) On January 26, 2026, TheFly reported that Scotiabank maintained its Outperform rating. It increased its price objective for Gold Royalty Corp. (NYSE:GROY) from $5 to $6. The change was part of a larger modification to its Gold and Precious Minerals coverage universe. Scotiabank has raised its projections for the prices of gold and silver, citing geopoliti ...

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgency to invest now [1][13] - The energy demands of AI technologies are significant, with data centers consuming as much energy as small cities, leading to concerns about power grid strain and rising electricity prices [2][3] Investment Opportunity - A specific company is highlighted as a critical player in the AI energy sector, owning essential energy infrastructure assets that are poised to benefit from the increasing energy demands of AI [3][7] - This company is not a chipmaker or cloud platform but is positioned as a "toll booth" operator in the AI energy boom, collecting fees from energy exports [5][6] Financial Position - The company is noted for being debt-free and holding a substantial cash reserve, amounting to nearly one-third of its market capitalization, which provides a strong financial foundation [8][10] - It is trading at less than 7 times earnings, indicating a potentially undervalued investment opportunity in the context of its critical role in the energy sector [10][12] Market Trends - The company is strategically aligned with trends such as the onshoring boom driven by tariffs and the surge in U.S. LNG exports, positioning it favorably within the evolving energy landscape [14][5] - The influx of talent into the AI sector is expected to drive continuous innovation and advancements, further solidifying the importance of energy infrastructure in supporting AI growth [12][11] Future Outlook - The future of AI is closely tied to energy breakthroughs, with industry leaders warning about the potential for energy shortages if infrastructure does not keep pace with demand [2][4] - The company is well-positioned to capitalize on the anticipated growth in AI and energy sectors, making it a compelling investment opportunity for those looking to participate in the technological revolution [11][15]

Core Viewpoint - Tether aims to become one of the largest gold central banks globally, actively trading its gold reserves to capitalize on market opportunities [1][8]. Group 1: Gold Holdings and Strategy - Tether is currently purchasing one to two tons of gold per week and plans to maintain this pace for the next few months, having amassed close to 140 tons of gold stored in a secure facility in Switzerland [4][8]. - The company's gold holdings are valued at over $23.3 billion, with gold prices currently around $5,234 per troy ounce [6][8]. - Tether's gold reserves are reportedly the largest known outside of central banks, ETFs, and commercial banks, with approximately 130 metric tons eligible for physical delivery redemption [5]. Group 2: Market Position and Expansion - Tether is preparing to enter the gold trading market, aiming to compete with major banking institutions like JPMorgan and HSBC [7][11]. - The company has recruited senior traders from HSBC to lead its expansion into the bullion market and has also increased its equity portfolio by investing in Canadian firms related to precious metals [11]. Group 3: Product Offerings and Market Impact - Tether's primary product, USDT, dominates the global stablecoin market with over $186 billion in circulation, providing the capital necessary for further investments in gold [13]. - The company also issues Tether Gold (XAUT), which holds over 50% of the gold stablecoin market with a market capitalization of $2.62 billion [13].

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgent need for energy to support its growth [1][2][3] Industry Overview - Wall Street is investing hundreds of billions into AI technologies, but there is a critical question regarding the energy supply needed to sustain this growth [2] - AI technologies, particularly large language models, are extremely energy-intensive, with data centers consuming as much energy as small cities [2] - The demand for electricity is expected to rise significantly, leading to strained power grids and increasing electricity prices [2] Company Insights - A specific company is highlighted as a key player in the energy infrastructure sector, poised to benefit from the increasing energy demands of AI [3][6] - This company owns critical nuclear energy infrastructure assets and is capable of executing large-scale engineering, procurement, and construction projects across various energy sectors [7] - It plays a significant role in U.S. LNG exportation, which is expected to grow under the current administration's energy policies [7] Financial Position - The company is noted for being debt-free and having a substantial cash reserve, amounting to nearly one-third of its market capitalization [8] - It also holds a significant equity stake in another AI-related company, providing investors with indirect exposure to multiple growth opportunities without high premiums [9] Market Sentiment - There is a growing interest from hedge funds in this company, which is considered undervalued and off the radar compared to other AI and energy stocks [10][11] - The company is trading at less than 7 times earnings, indicating a potentially lucrative investment opportunity [10] Future Outlook - The convergence of AI, energy infrastructure, and onshoring trends presents a unique investment landscape, with the potential for significant returns in the coming years [14][15]

Core Insights - Gold Royalty Corp. reported record revenues for the fourth quarter and the full year of 2025, with total revenue reaching $5.2 million in Q4 2025, a 37% increase from Q4 2024, and $17.7 million for the full year, a 38% increase from 2024 [3][5]. Financial Performance - Total Revenue, Land Agreement Proceeds, and Interest for Q4 2025 amounted to $5.2 million, with revenue of $4.2 million, equating to 1,255 gold equivalent ounces (GEOs) [3][14]. - For the full year 2025, Total Revenue, Land Agreement Proceeds, and Interest reached a record $17.7 million, equating to 5,173 GEOs [3][14]. - The increase in cash flows was attributed to strong operating performances from royalty interests and a higher gold price, despite lower-than-expected production from the Vareš mine [4][5]. Acquisition and Growth Strategy - The company completed the acquisition of a net smelter returns royalty from Dundee Corporation for $45 million, with $30 million paid in cash and the remainder in common shares [2]. - The acquisition is expected to enhance revenue growth in 2026 and beyond, alongside the recently added Pedra Branca royalty [6]. Future Outlook - Gold Royalty plans to release its financial and operating results for Q1 2026 on March 18, 2026, with a conference call scheduled for March 19, 2026 [7].

Core Viewpoint - Gold Royalty Corp. has announced an agreement to acquire a net smelter royalty on the Borborema gold mine for a total consideration of US$45 million, which includes US$30 million in cash and newly issued common shares [1][3]. Acquisition Details - The acquisition involves a royalty rate of 1.5% on the first 1.5 million ounces of payable gold production and 1.0% until 2.0 million ounces are produced, after which there will be no royalty [2]. - The transaction is expected to be completed in January 2026, subject to customary conditions [3]. Participation of Taurus Mining Royalty Fund - Taurus Mining Royalty Fund intends to acquire a 50% economic interest in the royalty for US$22.5 million in cash, contingent upon the completion of the acquisition and finalizing a definitive participation agreement [3]. Existing Royalty Structure - Gold Royalty already holds a 2.0% net smelter return royalty on the Borborema mine, which will step down to 0.5% after 725,000 ounces of payable gold are produced [4]. Company Statements - The CEO of Gold Royalty expressed confidence in the Borborema Project and highlighted the company's strategy to expand its asset portfolio while prioritizing near-term cash flow from high-quality assets [5]. Project Background - The Borborema Project is located in the Seridó region of Brazil and is operated by Aura Minerals Inc. The mine achieved commercial production on September 22, 2025, operating at 80% of its design capacity [6][7].

Core Viewpoint - Dundee Corporation has entered into a Royalty Purchase Agreement with Gold Royalty Corp. to sell its net smelter royalty in the Borborema Gold Project for a total of US$45 million, which includes US$30 million in cash and US$15 million in common shares of GROY [1][2] Group 1: Transaction Details - The purchase price consists of US$30 million in cash and US$15 million in common shares at a price of US$4.20 per share, based on the 20-day volume weighted average price prior to the agreement [1] - The transaction is expected to be completed in January 2026, subject to customary conditions [1] Group 2: Strategic Implications - The sale is described as a disciplined capital allocation decision that aligns with the company's strategic priority of building sustainable cash flow from mining operations [2] - The capital generated from this transaction will support operating-focused initiatives, including a joint venture partnership with Westhaven and other opportunities for long-term cash flow generation [2] Group 3: Company Overview - Dundee Corporation is a public Canadian independent mining-focused holding company listed on the Toronto Stock Exchange under the symbol "DC.A" [3] - The company is primarily engaged in investing in mineral resource assets and aims to unlock value through strategic investments in mining projects globally [3]

Core Insights - The stock market is nearing all-time highs as JPMorgan and major banks begin the fourth quarter earnings season, with expectations for a strong year in 2026 driven by earnings growth and potential interest rate cuts from the Fed [1] Group 1: Market Overview - Wall Street anticipates a bullish environment for stocks in 2026, encouraging investors to seek strong stocks, particularly those priced under $10 [2] - The SEC has redefined penny stocks to include those trading below $5, which are often viewed as speculative and carry higher risks [3][4] Group 2: Investment Opportunities - Stocks priced between $5 and $10 are generally considered less risky than penny stocks, making them more appealing to investors [5] - A selective approach can yield winning stocks under $10, with specific screening parameters to identify potential investments [6][8] Group 3: Company Spotlight - Gold Royalty (GROY) - Gold Royalty (GROY) is highlighted as a promising investment, focusing on gold-centric royalty financing solutions, with a strong earnings outlook for 2026 [9][10] - GROY is projected to grow its revenue by 66% in FY25 and 133% in FY26, reaching $39 million, while also expected to turn a profit of $0.06 per share in 2026 [11] - The company benefits from a structural bull run in gold prices, driven by global demand, geopolitical risks, and inflation, with GROY shares having increased by 285% over the past year [13]

Financial Performance - Caledonia Mining's revenue increased by 52% year-over-year to approximately $71.4 million, driven by production of over 19,000 ounces from Blanket and initial production from Bilboes [1] - Gross profit reached $36.9 million, with EBITDA rising by 162% to $33.5 million, and profit after tax surged by 467% to $18.7 million [1] - Free cash flow improved to $5.9 million, and liquidity stood at $44.3 million, which is allocated for a $41 million capital expenditure plan for 2025 [1] Stock Valuation - CMCL stock trades at a price-to-earnings multiple of about 9.7 times, indicating a cheaper valuation compared to the broader materials sector despite solid growth expectations [2] - The stock has appreciated approximately 226% over the past 52 weeks, with year-to-date gains near 13%, reflecting rising investor confidence [3] Growth Strategy - The company aims to maintain strong production at Blanket, advance Bilboes through feasibility studies, and push Motapa towards a maiden resource in 2026, providing both near-term cash flow and long-term growth potential [7] - Analysts currently rate Caledonia Mining as a "Strong Buy" with a price target of $45, suggesting about 55% potential upside from current levels [7] Market Context - Central banks continue to buy gold and build reserves, supporting demand amid falling U.S. interest rates and geopolitical uncertainty [5] - Gold prices rallied by 74% in 2025, reaching above $4,580 per ounce by year-end, with expectations for continued upward momentum into 2026 [6] Comparative Analysis - Caledonia Mining, Alamos Gold, and Gold Royalty are highlighted as strong investment opportunities in the gold sector, each with distinct strategies and growth prospects [20] - Alamos Gold reported record revenue of $462.3 million in Q3 2025, while Gold Royalty's revenue was $4.1 million, indicating diverse approaches within the gold mining industry [10][17]