Core Viewpoint - Maxim analyst Tate Sullivan raised the price target for Gold Royalty Corp. (NYSE:GROY) to $7 from $5, maintaining a Buy rating due to higher gold price assumptions and recent royalty acquisitions expected to support long-term production and revenue growth [1][3]. Group 1: Financial Performance - Gold Royalty Corp. has demonstrated strong year-over-year quarterly revenue growth driven by rising gold prices and contributions from newly acquired royalty assets, including transactions in Brazil [3]. - Updated projections indicate significant revenue and earnings growth through 2027, with the company expected to transition from losses in 2025 to sustained profitability starting in 2026 [3]. Group 2: Capital Structure and Valuation - The company has strengthened its balance sheet through convertible debt redemptions and equity financing, providing additional capital for further royalty acquisitions [3]. - Gold Royalty Corp. currently trades at a relatively modest valuation compared to projected near-term book value, suggesting potential upside as production increases and acquired assets contribute to cash flow [3]. Group 3: Business Model and Investment Thesis - The royalty business model allows exposure to precious metals production without direct operating risk, offering a diversified and scalable growth platform [3]. - This model can benefit from higher gold prices while maintaining lower capital intensity, supporting a compelling long-term investment thesis [3].

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].