Gold Royalty outlines sixfold growth and Maxim keeps Buy for Gold Royalty stock

Published on 10/02/2026 at 20:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half 2026 revenue rose 99.83 percent to USD 13.91 million. Gold Royalty stock costs EUR 2.64 after EUR 2.66 on October 2, 2026.

GROY, CA38071H1064, Illustration mit AI erstellt.

Gold Royalty (ISIN CA38071H1064) outlined sixfold growth in gold-equivalent production, while its stock was at EUR 2.64 at Lang & Schwarz on October 2, 2026 at 8:22 p.m. CEST. In a presentation covered by MarketBeat, the company described a path from roughly 7,000 to 8,000 current gold-equivalent ounces toward 30,000 by the end of the decade, while Markets Insider reported on September 25, 2026 that Maxim Group maintained its Buy rating and set a USD 4.00 price target.

Revenue nearly doubled in six months

Gold Royalty reported revenue of USD 13.91 million for the six months ended June 30, 2026, versus USD 6.96 million in the prior-year period. That equals growth of 99.83 percent and gives the production strategy a measurable financial base.

For the second quarter of 2026, revenue reached USD 6.73 million, compared with USD 3.82 million in the second quarter of 2025. Net income was USD 1.78 million, while operating cash flow for the quarter was USD 3.72 million.

Debt-free balance sheet supports expansion

The June 30, 2026 balance sheet showed USD 11.33 million of cash and no debt. The company also reported a fully undrawn USD 150.00 million credit facility, giving its royalty model financing capacity while it avoids direct mine operating costs.

The portfolio included more than 260 royalties, with 10 currently generating cash flow, according to MarketBeat. Gold Royalty said more than 60 percent growth in gold-equivalent ounces was expected in 2026, while its official release maintained guidance of 7,500 to 9,300 gold-equivalent ounces for the year.

Stock stays below analyst target

Maxim's USD 4.00 target is a separate U.S. dollar reference and cannot be compared directly with the euro quotation. The operating picture is improving, but delivery depends on partner mines ramping up and on gold and copper prices supporting royalty cash flows.

Gold Royalty stock after the Xetra close

Gold Royalty stock was trading at EUR 2.64 at Lang & Schwarz on October 2, 2026 at 8:22 p.m. CEST, down 0.75 percent versus the Lang & Schwarz prior close of EUR 2.66 on October 1, 2026. The primary listing is NYSE American, where the finance snapshot showed USD 685.5 million in market capitalization, a USD 2.45 to USD 5.46 52-week range and 591,062 shares of volume as of October 2, 2026.