Canada's Gold Royalty Q3 revenue jumps, maintains 2026 forecast
Overview
Canada gold royalty firm's Q3 revenue rose 147% yr/yr to record high
Adjusted net income for Q3 turned positive from a loss a year ago
Company reaffirmed full-year GEOs guidance of 7,500-9,300 for 2026
Outlook
Gold Royalty maintains 2026 guidance of 7,500-9,300 GEOs, based on $5,150/oz gold price
Company says commodity prices will affect calculation of 2026 GEOs from copper streams and royalties
Result Drivers
PORTFOLIO PRODUCTION GROWTH - Co attributed record Q3 revenue and earnings to increased production from its portfolio of royalty and streaming assets in established mining jurisdictions
ASSET EXPANSION - Co said growth was supported by accelerating production at key mines including Odyssey, Côté, Vareš, REN, South Railroad, Granite Creek, and the restart of Jerritt Canyon
ACQUISITIONS - Co acquired new royalties on Sterling and Granite Creek projects in Nevada during Q3, supporting disciplined portfolio growth
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | $10.25 mln | ||
Q3 Adjusted Net Income | $3.89 mln | ||
Q3 Net Income | $3.84 mln | ||
Q3 Basic EPS | $0.02 |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for Gold Royalty Corp. is $5.00, about 73% above its November 4 closing price of $2.89
The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 28 three months ago
Reuters Recommended Reads
Nov 4 - Royal Gold Q3 revenue rises 84% on higher metal prices
Nov 3 - SSR Mining Q3 revenue and adjusted net income rise year over year
Nov 4 - Canada's B2Gold lowers annual all-in sustaining cost guidance after strong gold production in Q3
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)