Where is Gold Royalty Corp (GROY) Headed According to the Street?

Core Viewpoint - Gold Royalty Corp (NYSE:GROY) is identified as a strong buy penny stock, with positive outlooks from multiple financial institutions due to its growth potential and favorable market conditions for precious metals [1][2][3]. Group 1: Analyst Ratings and Price Targets - Scotiabank raised the price target for Gold Royalty Corp to $6 from $5, maintaining an Outperform rating, citing updates in price targets for Gold & Precious Minerals stocks [1]. - Maxim Group reiterated its Buy rating on Gold Royalty Corp, highlighting strong year-over-year quarterly revenue growth driven by rising gold prices [2]. Group 2: Financial Performance and Growth Projections - The updated financial models predict significant growth in earnings and revenue for Gold Royalty Corp through 2027, transitioning from an expected loss in 2025 to profitability in 2026 and beyond [3]. - The company's recent royalty acquisitions in Brazil are seen as strategic moves to enhance production and revenue growth in the coming years [2]. Group 3: Market Context - The positive outlook for Gold Royalty Corp is supported by geopolitical and economic uncertainties, as well as strong central bank buying of gold and silver [1].