US LNG exports surge but will buyers in China turn up?
In a notable surge, Gold Royalty Corp. (NYSE:GROY) stock has achieved a 52-week high, reaching a price level of $1.86 USD. The company’s remarkable performance includes a 44% gain over the past six months and an impressive YTD return of 52%. According to InvestingPro analysis, the stock’s RSI indicates overbought territory, suggesting investors should monitor the price action carefully. Investors have shown increased confidence in Gold Royalty’s prospects, propelling the stock to this new high. The company’s impressive revenue growth of nearly 100% in the last twelve months and exceptional gross profit margin of 96% support this bullish sentiment. InvestingPro analysis shows the stock trading near its Fair Value, with additional insights available in the comprehensive Pro Research Report, which provides deep-dive analysis of what really matters for this $317 million market cap company.
In other recent news, Gold Royalty Corp reported its fourth-quarter 2024 financial results, which fell short of expectations. The company posted a loss per share of $0.02, wider than the anticipated loss of $0.0063, and revenue of $3.36 million, which was below the forecasted $4.99 million. Despite these setbacks, Gold Royalty achieved its first full year of positive operating cash flows, with total revenue for the year increasing by 146% to $12.8 million. The company also reported positive adjusted EBITDA of $4.8 million for the year.
Raymond (NSE:RYMD) James maintained its Outperform rating on Gold Royalty, with a price target of $2.75, indicating confidence in the company’s business model. The firm highlighted the advantages of Gold Royalty’s portfolio, which includes over 200 royalties primarily focused on precious metals in low-risk regions. This rating suggests that Raymond James expects Gold Royalty’s stock performance to exceed the average return of the stocks it covers over the next six to twelve months.
Looking forward, Gold Royalty anticipates growth driven by key projects like the Cote Gold mine and the Borborema project, which are expected to reach full production in the coming years. The company projects a significant increase in gold equivalent ounces by 2029. Despite the recent financial challenges, Gold Royalty’s executives emphasized their strong financial position and disciplined capital allocation strategy to ensure continued growth and financial stability.
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