Canada's Gold Royalty posts record Q4 revenue, sees strong annual GEO growth

Overview

• Canada gold royalty firm's Q4 revenue rose to record $4.5 mln

• Adjusted net loss for Q4 narrowed sharply from prior year

• Company expects over 60% yr/yr growth in GEOs for 2026

Outlook

• Gold Royalty expects 2026 GEOs of 7,500-9,300, up over 60% from 2025

• Company forecasts 2030 GEOs of 28,000-34,000, an over 490% increase from 2025

• Outlook is based on assumed gold price of $5,150/oz in 2026 and $3,500/oz in 2030

Result Drivers

• PORTFOLIO RAMP-UP - Continued ramp-up of cash-flowing assets and new royalties expected to drive growth, per co

• POSITIVE OPERATING CASH FLOW - Co reported positive operating cash flow for 2025, supported by portfolio growth

Company press release: ID:nPn4g71Fva

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• Wall Street's median 12-month price target for Gold Royalty Corp is $6.00, about 67.1% above its March 18 closing price of $3.59

• The stock recently traded at 50 times the next 12-month earnings vs. a P/E of 149 three months ago

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