Where is Gold Royalty Corp (GROY) Headed According to the Street?

Gold Royalty Corp (NYSE:GROY) is one of the best strong buy penny stocks to invest in. Scotiabank lifted the price target on Gold Royalty Corp (NYSE:GROY) to $6 from $5 on January 26, maintaining an Outperform rating on the shares and telling investors that it is updating price targets for the Gold & Precious Minerals stocks under its coverage. Scotiabank added that it has raised both gold and silver forecasts, supported by factors such as geopolitical and economic uncertainty, along with strong central bank buying.

In another development, Maxim Group reiterated its Buy rating on Gold Royalty Corp (NYSE:GROY) on January 22, citing the recent strong year-over-year quarterly revenue growth by the company, supported by a sharp rise in gold prices. It added that the company’s recent royalty acquisitions in Brazil show that management is positioning the company’s portfolio for considerable production and revenue growth over the coming years.

The firm’s updated models now expect considerable growth in both earnings and revenue through 2027, shifting Gold Royalty Corp (NYSE:GROY) from an expected loss in 2025 to profitability in 2026 and beyond, thereby supporting the optimistic rating.

Gold Royalty Corp (NYSE:GROY) operates as a precious metals-focused royalty company offering financing solutions to the metals and mining industry.

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