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Friday 6 November 2026
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Gold Royalty Corp.
GROY Basic Materials Gold
Gold Royalty Corp.’s revenue for fiscal 2025 (year ended December 2025) was $15.6 million, up 54.5% from fiscal 2024.
- Revenue
- +76.1%
- EPS
- +257.1%
- Free cash flow
- +246.0%
- Total debt
- −99.9%
Quarter to June 2026, against a year earlier
3.12
0.23
+7.96%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | 0 | 0 | 4 | 3 | 10 | 16 | 23 | +141.0% | 33 | 40 | 33 | +28.3% | |
| Gross margin, % | — | — | — | — | 14.58 | 14.58 | 55.48 | 69.06 | 65.63 | 76.44 | 71.17 | +61.9 pt | ||||||
| EBT | — | — | — | — | (15) | (15) | (17) | (33) | (9) | (4) | 3 | (22.0%) | ||||||
| EBT margin, % | — | — | — | — | (7,815.63) | (7,815.63) | (440.19) | (1,079.04) | (92.89) | (27.77) | 14.40 | +7,787.9 pt | ||||||
| Net income | — | 0 | — | 0 | 0 | (15) | (17) | (27) | (3) | (4) | 2 | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 0.00 | 0.01 | 0.03 | 0.02 | 0.06 | 0.09 | 0.10 | n/m | |||||
| Earnings | — | — | — | — | (0.01) | (0.45) | (0.14) | (0.18) | (0.02) | (0.02) | 0.00 | +14.9% | ||||||
| Cash flow | — | — | — | — | 0.00 | (0.36) | (0.15) | (0.05) | 0.02 | 0.04 | 0.05 | n/m | ||||||
| Capex | — | — | — | — | 0.00 | 0.00 | 0.00 | (0.20) | (0.29) | (0.40) | 0.00 | n/m | ||||||
| Free cash flow | — | — | — | — | 0.00 | (0.36) | (0.15) | (0.25) | (0.27) | (0.36) | 0.05 | n/m | ||||||
| Book value | — | — | — | 0.00 | 0.00 | 6.71 | 4.18 | 3.60 | 3.50 | 4.00 | 3.14 | n/m | ||||||
| Shares, m | — | — | — | — | 23 | 34 | 128 | 145 | 160 | 175 | 202 | +50.3% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 780.00 | 0.0 | |||||
| P/S | — | — | — | — | 0.00 | 0.00 | 86.83 | 68.85 | 19.10 | 45.29 | 31.92 | 36.7 | ||||||
| P/B | — | — | — | — | 2.56 | 0.74 | 0.64 | 0.40 | 0.35 | 1.01 | 0.99 | 1.0 | ||||||
| EV/Sales | — | — | — | — | 0.00 | 0.00 | 88.11 | 79.13 | 23.81 | 44.40 | 31.30 | 39.2 | ||||||
| EV/FCF | — | — | — | — | 0.00 | (8.78) | (17.70) | (6.75) | (5.53) | (10.83) | (11.90) | (8.3) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | 0 | (12) | (19) | (7) | 3 | 6 | 11 | n/m | |||||
| Capex | — | — | — | — | 0 | 0 | 0 | (29) | (46) | (70) | (70) | +746.9% | ||||||
| Free cash flow | — | — | — | — | 0 | (12) | (19) | (36) | (43) | (64) | 11 | +172.4% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | 0 | 1 | 6 | 10 | 2 | 2 | 18 | 18 | n/m | |||||
| Net debt | — | — | — | 0 | (1) | (11) | (5) | 31 | 48 | (14) | (14) | +167.9% | ||||||
| Shareholders’ equity | — | — | — | 0 | 0 | 225 | 536 | 521 | 558 | 699 | 725 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | 0.00 | (11.28) | (10.74) | (3.58) | (3.88) | (0.48) | (0.53) | 0.19 | (0.5) pt | |||||
| ROIC | — | — | — | 0.00 | 0.00 | (3.67) | (2.52) | (3.51) | (0.42) | 0.14 | 0.52 | +0.1 pt | ||||||
| ROE | — | — | — | — | (15,073.83) | (13.30) | (4.56) | (5.06) | (0.63) | (0.66) | 0.23 | +15,073.2 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | 3 | 7 | 7 | 15 | 16 | 16 | — | +39.8% | |||||
| Revenue/emp, $m | — | — | — | — | 0.00 | 0.03 | 0.56 | 0.20 | 0.63 | 0.98 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
Gold Royalty Corp. vs peers in Gold (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| DC Dakota Gold Corp. | $754.1M | — (loss-making) | — | — | n/m | −71.27% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| OGG Osisko Gold Group Inc. | $735.8M | 58.5× | 16.3× | +376.66% (above 0%: growing) | n/m | −228.36% (below 0%: shrinking) | 63.24% | 24.71% | Compare |
| GROY Gold Royalty Corp. | $720.5M | 780× | 72.5× | +76.09% (above 0%: growing) | n/m | +246.00% (above 0%: growing) | 69.31% | 32.26% | |
| MAKO Mako Mining Corp. | $685.1M | 13.0× | — | +61.68% (above 0%: growing) | +44.67% (above 0%: growing) | +25.26% (above 0%: growing) | 49.25% | 38.22% | Compare |
| NFGC New Found Gold Corp. | $631.7M | — (loss-making) | — | — | n/m | −108.07% (below 0%: shrinking) | 12.96% | (109.76%) | Compare |
| GAU Galiano Gold Inc. | $554.6M | 7.7× | 3.1× | +116.69% (above 0%: growing) | +242.86% (above 0%: growing) | −414.66% (below 0%: shrinking) | 70.07% | 49.18% | Compare |
| GORO Gold Resource Corporation | $498.1M | 54.2× | — (loss-making) | +293.48% (above 0%: growing) | n/m | +48.03% (above 0%: growing) | 29.51% | 8.50% | Compare |
| CTGO Contango Silver & Gold Inc. | $497.6M | — (loss-making) | — | — | −88.89% (below 0%: shrinking) | −209.25% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| THM International Tower Hill Mines Ltd | $316.6M | — (loss-making) | — | — | n/m | −36.56% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| Median of peers | $593.1M | 33.6× | — | +205.09% | +44.67% | −89.67% | 21.23% | 4.25% |