Canada's Gold Royalty Q1 revenue more than doubles, returns to profit on strong streaming income

Overview

• The Canadian gold royalty firm's Q1 revenue more than doubled year-over-year to a record high

• Q1 adjusted EBITDA rose over 300% from prior year, reaching a record level

• Company posted net profit in Q1, reversing a loss from a year ago

Outlook

• Gold Royalty maintains 2026 guidance of 5,700-7,000 GEOs, including 600 GEOs from land agreements

• Company expects production to be weighted toward second half of 2026

• Gold Royalty says commodity prices will affect 2026 GEO calculation

Result Drivers

• HIGHER ROYALTY AND STREAMING INCOME - Record Q1 revenue driven by increased royalty and streaming income from portfolio assets

• PORTFOLIO PERFORMANCE - Growth in gold equivalent ounces and higher production at mines such as Borborema contributed to results

• LAND AGREEMENT PROCEEDS - Land agreement proceeds and interest income were included in total revenue, supporting overall growth

Company press release: ID:nCNWgPPtFa

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the investment management & fund operators peer group is "buy"

• Wall Street's median 12-month price target for Gold Royalty Corp is $6.00, about 70.5% above its May 6 closing price of $3.52

• The stock recently traded at 44 times the next 12-month earnings vs. a P/E of 61 three months ago

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