(GROY) Gold Royalty - Overview
Sector: Basic Materials | Industry: Gold | Exchange: NYSE MKT (USA) | Market Cap: 725m USD | Total Return: 69.3% in 12m
Avg Turnover: 6.15M
Warnings
Share dilution 41.5% YoY
Interest Coverage Ratio 0.8 is critical
Choppy Below Avwap Earnings
Tailwinds
No distinct edge detected
Gold Royalty Corp. (GROY) is a Canada-based precious metals royalty company that provides capital to mining operations in exchange for long-term revenue interests. Founded in 2020, the company manages a diversified portfolio of royalties and streams across the United States, Canada, Brazil, Mexico, and Bosnia and Herzegovina.
The royalty business model allows investors to gain exposure to metal price appreciation and production growth without direct exposure to the rising capital expenditures or operating costs faced by mining companies. By acquiring interests at various stages of the mine life cycle, from exploration to production, GROY aims to balance immediate cash flow with long-term exploration upside.
Investors can further examine the companys underlying asset quality and counterparty risks on ValueRay. This sector-specific strategy effectively leverages geographic diversification to mitigate jurisdictional risk across its global mining partnerships.
- Rising gold prices increase royalty revenue without corresponding mining operational costs
- Production ramps at key assets like Odyssey and Côté Gold drive cash flow
- Strategic acquisitions of high-margin royalties expand the long-term project pipeline
- Geopolitical instability in operating jurisdictions poses regulatory and permitting risks
- Dilution through equity-based financing impacts per-share value and investor sentiment
| Net Income: -1.11m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA 3.56 > 1.0 |
| NWC/Revenue: 98.76% < 20% (prev 17.58%; Δ 81.18% < -1%) |
| CFO/TA 0.01 > 3% & CFO 6.65m > Net Income -1.11m |
| Net Debt (-16.0m) to EBITDA (9.22m): -1.74 < 3 |
| Current Ratio: 4.91 > 1.5 & < 3 |
| Outstanding Shares: last quarter (241.0m) vs 12m ago 41.46% < -2% |
| Gross Margin: 73.40% > 18% (prev 0.69%; Δ 7.27k% > 0.5%) |
| Asset Turnover: 2.48% > 50% (prev 1.40%; Δ 1.08% > 0%) |
| Interest Coverage Ratio: 0.81 > 6 (EBITDA TTM 9.22m / Interest Expense TTM 6.40m) |
| A: 0.02 (Total Current Assets 24.4m - Total Current Liabilities 4.96m) / Total Assets 846.9m |
| B: -0.09 (Retained Earnings -75.6m / Total Assets 846.9m) |
| C: 0.01 (EBIT TTM 5.18m / Avg Total Assets 793.4m) |
| D: 5.78 (Book Value of Equity 722.0m / Total Liabilities 124.9m) |
| Altman-Z'' = 5.97 = AAA |
| DSRI: 0.94 (Receivables 5.23m/2.92m, Revenue 19.6m/10.3m) |
| GMI: 0.94 (GM 73.40% / 69.19%) |
| AQI: 2.36 (AQ_t 0.04 / AQ_t-1 0.02) |
| SGI: 1.90 (Revenue 19.6m / 10.3m) |
| TATA: -0.01 (NI -1.11m - CFO 6.65m) / TA 846.9m) |
| Beneish M = -1.68 (Cap -4..+1) = CCC |
As of May 29, 2026, the stock is trading at USD 3.20 with a total of 2,955,688 shares traded.
Over the past week, the price has changed by -0.62%,
over one month by -7.25%,
over three months by -31.48% and
over the past year by +69.31%.
Gold Royalty has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy GROY.
- StrongBuy: 0
- Buy: 5
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 6 | 87.5% |
P/E Forward = 69.9301
P/S = 36.8825
P/B = 1.0038
Revenue TTM = 19.6m USD
EBIT TTM = 5.18m USD
EBITDA TTM = 9.22m USD
Long Term Debt = 101k USD (from longTermDebtTotal, two quarters ago)
Short Term Debt = unknown (none)
Debt = 180k USD (corrected: LT Debt 101k + ST Debt none) + Leases 79.0k
Net Debt = -16.0m USD (calculated: Debt 180k - CCE 16.2m)
Enterprise Value = 708.7m USD (724.7m + Debt 180k - CCE 16.2m)
Interest Coverage Ratio = 0.81 (Ebit TTM 5.18m / Interest Expense TTM 6.40m)
EV/FCF = -27.38x (Enterprise Value 708.7m / FCF TTM -25.9m)
FCF Yield = -3.65% (FCF TTM -25.9m / Enterprise Value 708.7m)
FCF Margin = -131.7% (FCF TTM -25.9m / Revenue TTM 19.6m)
Net Margin = -5.65% (Net Income TTM -1.11m / Revenue TTM 19.6m)
Gross Margin = 73.40% ((Revenue TTM 19.6m - Cost of Revenue TTM 5.23m) / Revenue TTM)
Gross Margin QoQ = 76.27% (prev 66.01%)
Tobins Q-Ratio = 0.84 (Enterprise Value 708.7m / Total Assets 846.9m)
Interest Expense / Debt = 3.56k% (Interest Expense 6.40m / Debt 180k)
Taxrate = 36.70% (1.03m / 2.80m)
NOPAT = 3.28m (EBIT 5.18m * (1 - 36.70%))
Current Ratio = 2.46 (Total Current Assets 24.4m / Total Current Liabilities 9.92m)
Debt / Equity = 0.00 (Debt 180k / totalStockholderEquity, last quarter 722.0m)
Debt / EBITDA = -1.74 (Net Debt -16.0m / EBITDA 9.22m)
Debt / FCF = 0.62 (negative FCF - burning cash) (Net Debt -16.0m / FCF TTM -25.9m)
Total Stockholder Equity = 634.9m (last 4 quarters mean from totalStockholderEquity)
RoA = -0.14% (Net Income -1.11m / Total Assets 846.9m)
RoE = -0.16% (Net Income TTM -1.11m / Total Stockholder Equity 710.5m)
RoCE = 0.73% (EBIT 5.18m / Capital Employed (Equity 710.5m + L.T.Debt 101k))
RoIC = 0.39% (NOPAT 3.28m / Invested Capital 841.9m)
WACC = 7.90% (E(724.7m)/V(724.9m) * Re(7.90%) + (debt cost/tax rate unavailable))
Discount Rate = 7.90% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 95.56 | Cagr: 28.60%
[DCF] Fair Price = unknown (Cash Flow -25.9m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.12 | # QB: 0
Revenue Correlation: 98.09 | Revenue CAGR: 115.5% | SUE: -3.03 | # QB: -1
EPS current Quarter (2026-06-30): EPS=0.02 | Chg30d=N/A | Revisions=N/A | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.01 | Chg30d=N/A | Revisions=-33% | Analysts=4
EPS current Year (2026-12-31): EPS=0.06 | Chg30d=-12.12% | Revisions=-43% | GrowthEPS=+680.0% | GrowthRev=+139.3%
EPS next Year (2027-12-31): EPS=0.12 | Chg30d=+1.64% | Revisions=-14% | GrowthEPS=+113.8% | GrowthRev=+66.3%
[Analyst] Revisions Ratio: -43%