Gold Royalty Corp.: Recent Developments Improve Long-Term Outlook

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Taylor Dart
26.65K Followers

Summary

  • Gold Royalty Corp. continues to see positive developments across its portfolio, including the potential consolidation of Canadian Malartic, and phenomenal drill intercepts out of Granite Creek Underground.
  • Assuming Fenelon, REN, Railroad-Pinion, and Granite Creek Open Pit head into production, Gold Royalty Corp. will see significant growth in revenue and cash flow over the coming years.
  • Given GRC's industry-leading jurisdictional profile among royalty/streaming companies combined with strong operators at future producing assets, I would view pullbacks below US$2.13 to provide buying opportunities.
An open-pit mine

Claude Laprise

Just over two months ago, I wrote on Gold Royalty Corp. (NYSE:GROY), noting that positive developments outweighed the negatives and that any pullbacks below US$2.20 would offer buying opportunities. The stock headed into this buy zone in late September

This article was written by

Taylor Dart profile picture
26.65K Followers
"A bull market is when you check your stocks every day to see how much they went up. A bear market is when you don't bother to look anymore."- John Hammerslough - Disclosure: I am not a financial advisor. All articles are my opinion - they are not suggestions to buy or sell any securities. Perform your own due diligence and consult a financial professional before trading or investing.

Disclosure: I/we have a beneficial long position in the shares of AEM, GOLD, IAUX, OR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Disclaimer: Taylor Dart is not a Registered Investment Advisor or Financial Planner. This writing is for informational purposes only. It does not constitute an offer to sell, a solicitation to buy, or a recommendation regarding any securities transaction. The information contained in this writing should not be construed as financial or investment advice on any subject matter. Taylor Dart expressly disclaims all liability in respect to actions taken based on any or all of the information on this writing. Given the volatility in the precious metals sector, position sizing is critical, so when buying small-cap precious metals stocks, position sizes should be limited to 5% or less of one's portfolio.

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