Core Viewpoint - Gold Royalty Corp. (GROY) is focused on acquiring and managing gold royalties, providing investors exposure to gold prices without mining risks [1] Group 1: Financial Performance and Stock Information - National Bank has set a price target of $5.50 for GROY, indicating a potential increase of approximately 34.8% from its current price of $4.08 [2][6] - GROY's stock has increased by 5.70%, reaching a high of $4.08, with fluctuations between $3.83 and $4.08 during the day [4][6] - Over the past year, GROY's stock has ranged from a low of $1.16 to a high of $4.49, with a market capitalization of approximately $694.27 million [4] Group 2: Financing and Investor Interest - GROY plans to issue 22.5 million common shares at $4.00 each, aiming to raise $90 million due to high demand [2][5] - The financing is managed by National Bank Capital Markets, BMO Capital Markets, and RBC Capital Markets, reflecting strong investor interest and confidence in GROY's growth prospects [3] - Today's trading volume for GROY is 5,674,715 shares, indicating active investor interest [5]

Core Viewpoint - Gold Royalty Corp (AMEX:GROY) is positioned as a significant player in the gold royalty sector, providing investors with exposure to gold prices through its diverse portfolio of royalty interests [1] Financial Performance - Gold Royalty has demonstrated substantial financial improvement, achieving recurring cash flow with two consecutive quarters of positive operational cash flow and record EBITDA [3] - The company's revenue has nearly doubled year-over-year, driven by increased metals flow from its portfolio, indicating a strong growth trajectory [3] Stock Performance and Market Sentiment - BMO Capital upgraded GROY to "Outperform" on December 9, 2025, raising its price target from $4.50 to $4.75, reflecting optimism about the company's growth prospects [2][6] - The stock price was approximately $4.08 at the time of the upgrade, showing an increase of about 5.57% with a daily rise of $0.21 [4][6] - GROY's stock has fluctuated between a low of $3.83 and a high of $4.08 during the trading day, with a market capitalization of approximately $693.4 million and a trading volume of 5,688,463 shares [5] Volatility and Risk Profile - Despite improved fundamentals, GROY is perceived as a leveraged play on gold prices, exhibiting high beta characteristics, which indicates higher volatility and sensitivity to changes in gold prices [4][6]

Core Insights - Gold Royalty has agreed to acquire a royalty on the Pedra Branca mine for $70 million, enhancing its gold and copper exposure [1][2] - The acquisition includes a 25% net smelter return (NSR) royalty on gold and a 2% NSR royalty on copper and other products [2] - The Pedra Branca mine is currently operated by BHP Group, which has extended its mine life and reported increases in resources and reserves [7] Financial Aspects - The royalty expense recorded to the prior holder was approximately $7.9 million for the 12 months ended June 30, equivalent to about 2,800 gold-equivalent ounces at an average gold price of $2,811 per ounce [3] - To fund the acquisition, Gold Royalty plans to raise $70 million through a bought deal financing, selling 17.5 million common shares at $4.00 per share [5] - Gold Royalty's stock closed at $3.85, down 9.5%, with a market capitalization of $758.3 million [5] Operational Context - The Pedra Branca mine is part of the Carajás East operation, previously held by Oz Minerals, which began production in 2020 [6] - BHP took over the project through its acquisition of Oz in 2023 and has reported significant resource estimates, including 2.4 million tonnes at 1.68% copper and 0.47 g/t gold [7] - A pending acquisition of Pedra Branca by CoreX Holding BV, valued at up to $465 million, is subject to customary closing conditions [8]

Core Points - Gold Royalty Corp. has increased its bought deal financing due to excess demand, now issuing 22,500,000 common shares at a price of US$4.00 per share, resulting in gross proceeds of US$90.0 million [1] - The underwriters have an over-allotment option to purchase an additional 15% of the shares, potentially raising total gross proceeds to approximately US$103.5 million [1] - The closing of the offering is expected around December 11, 2025, subject to customary closing conditions [2] Offering Details - The offering will be conducted in Canada (excluding Quebec and Nunavut) and the U.S., with a prospectus supplement filed with the SEC [3] - The offering is part of a Canadian short form base shelf prospectus dated August 2, 2024, and a registration statement on Form F-3 has been declared effective by the SEC [3] - Documents related to the offering can be accessed for free on SEDAR+ and SEC's EDGAR systems [4] Settlement and Trading - Delivery of the common shares is expected to occur on a T+3 settlement cycle, which is three business days after the prospectus supplement date [5] - Secondary market trades generally require a T+1 settlement unless otherwise agreed, impacting purchasers wishing to trade before the closing date [6] Company Overview - Gold Royalty Corp. focuses on providing financing solutions in the metals and mining industry, aiming to invest in sustainable mining operations [8] - The company’s portfolio primarily consists of net smelter return royalties on gold properties located in the Americas [8]

Gold Royalty (GROY) -5.6% pre-market Monday after saying it agreed to acquire an existing royalty on the Pedra Branca mine in Brazil from BlackRock World Mining Trust for $70 million in cash. Pedra Branca is currently owned and operated by ...

Group 1 - The company, Gold Royalty Corp. (GROY), has entered a recurring cash flow phase with two consecutive quarters of positive operational performance [1] - The investment strategy employed focuses on uncovering high-upside opportunities in overlooked sectors, particularly small-caps, energy, and commodities [1] - The analysis incorporates fundamental momentum indicators such as EPS, ROE, and revenue, along with price-volume confirmation and macroeconomic filters [1] Group 2 - The analyst utilizes econometric tools like GARCH and Granger causality to assess risk, volatility, and the influence of macro data on market cycles [1] - The approach emphasizes building conviction through a combination of technical, fundamental, and catalyst signals rather than relying on a single indicator [1] - The analyst has been managing personal capital since 2020 and has a background in Business Administration and Economics, currently pursuing a master's in Finance [1]

Core Insights - The company, Gold Royalty Corp. (GROY), has entered a recurring cash flow phase, achieving positive operational results for two consecutive quarters [1] Group 1: Company Performance - The company has demonstrated a shift in its operational performance, indicating a more stable financial outlook [1] - The focus on uncovering high-upside opportunities in overlooked sectors, particularly in small-caps, energy, and commodities, remains a key strategy [1] Group 2: Investment Strategy - The investment strategy employed is based on the CAN SLIM framework, emphasizing fundamental momentum indicators such as EPS, ROE, and revenue [1] - The use of econometric tools like GARCH and Granger causality is highlighted to assess risk and market cycles [1] - A multi-faceted approach is taken to build conviction across technicals, fundamentals, and catalysts, rather than relying on a single signal [1]

Core Viewpoint - Gold Royalty Corp. has announced a bought deal offering of 17,500,000 common shares at a price of US$4.00 per share, aiming to raise approximately US$70.0 million for funding an acquisition and general corporate purposes [1][3]. Group 1: Offering Details - The offering involves 17,500,000 common shares priced at US$4.00 each, totaling gross proceeds of about US$70.0 million [1] - The underwriters have an over-allotment option to purchase an additional 15% of the shares, potentially raising an extra US$10.5 million [2] - The closing of the offering is expected around December 11, 2025, subject to customary conditions and approvals [4] Group 2: Use of Proceeds - The net proceeds from the offering will primarily fund the acquisition of a royalty on the Pedra Branca mine from BlackRock World Mining Trust plc [3] - The Pedra Branca mine is an operational copper and gold mine in Brazil, currently owned by BHP Group Limited [3] - If the acquisition does not complete, the company may redirect the proceeds for general corporate purposes or other acquisitions [4] Group 3: Regulatory and Listing Information - The offering will be made in Canada (excluding Quebec and Nunavut) and is subject to regulatory approvals [5] - The common shares will be listed on the NYSE American, contingent upon meeting all listing requirements [8] - A registration statement has been filed with the U.S. SEC, and relevant documents are accessible on SEDAR+ and EDGAR [6][5]

Core Viewpoint - Gold Royalty Corp. has announced an agreement to acquire a royalty on the Pedra Branca mine for $70 million in cash, which is expected to enhance the company's cash flows and asset portfolio significantly [1][5][6]. Transaction Details - The acquisition involves a payment of $70 million to BlackRock World Mining Trust plc for the royalty on the Pedra Branca mine, which is currently operated by BHP Group Limited [1][5]. - The completion of the acquisition is subject to customary closing conditions, and Gold Royalty has the necessary resources to fund the purchase [5] - After the closing, Gold Royalty will receive all payments related to production from the royalty for periods ending after December 31, 2025 [5]. Financial Impact - For the 12 months ending June 30, 2025, the royalty expense recorded by the previous holder was approximately $7.9 million, equivalent to about 2,800 gold equivalent ounces (GEOs) at an average gold price of $2,811 per ounce [6]. - The acquisition is expected to add significant cash flow to Gold Royalty, particularly due to the current favorable gold pricing environment [6]. Royalty Structure - The royalty includes a 25% net smelter return (NSR) on gold and a 2% NSR on copper produced from the Pedra Branca mine, enhancing Gold Royalty's exposure to both gold and copper [6][7]. - The royalty covers the Pedra Branca East and West deposits and does not include any step-down options, providing full exposure to the asset's long-term potential [6]. Asset Quality - The Pedra Branca mine is a high-quality asset located in Brazil's Carajás region, known for its rich mineral deposits [6][8]. - The mine achieved first production in 2020 and has a mining rate of approximately 800 ktpa, with BHP continuing to extend its mine life and report increases in mineral resources and reserves [6][9][10]. Operator Background - The mine was constructed by OZ Minerals and is currently operated by BHP, which has a strong operational track record [6][9]. - BHP announced the sale of Pedra Branca to CoreX Holding BV, a diversified industrial conglomerate, which is expected to complete the transaction upon satisfying customary conditions [11]. Geographic Context - Pedra Branca is situated in a prolific mining region in Brazil's Pará state, which is home to world-class deposits of various minerals, including iron ore, copper, and gold [6][8].

Core Viewpoint - Gold Royalty Corp. (NYSEAMERICAN:GROY) is recognized as a promising Canadian stock, having announced an enhanced revolving credit facility and the elimination of debt, which positions the company favorably for future growth [1][2]. Financial Developments - The company has secured a revolving credit facility increased to $75 million, with the potential to expand by an additional $25 million under certain conditions, and the facility's duration has been extended until November 2028 [2]. - To access the new credit facility, Gold Royalty Corp. had to pay off at least 75% of its existing debentures, indicating a significant reduction in its debt obligations due in 2028 [2]. Stock Performance - Since the fiscal Q3 2025 results were announced on November 5, the share price of Gold Royalty Corp. has increased by over 25.5%, reflecting a positive market sentiment [3]. - Analysts have maintained a positive outlook on the stock, with Tate Sullivan from Maxim Group reiterating a Buy rating but lowering the price target from $6 to $5, while Heiko Ihle from H.C. Wainwright also reiterated a Buy rating with a price target of $6.25 [3]. Company Overview - Gold Royalty Corp. is a Canadian firm that provides financing solutions to the metals and mining industry by acquiring royalties and streaming interests in gold and other precious metals properties [4].