11 Best Gold Penny Stocks to Buy According to Hedge Funds

4. Gold Royalty Corp. (NYSE:GROY)

Share Price: $3.095

Number of Hedge Fund Holders: 12

Gold Royalty Corp. (NYSE:GROY) is one of the 11 Best Gold Penny Stocks to Buy According to Hedge Funds (and Precious Metals Stocks).

On July 24, 2025, Gold Royalty Corp. (NYSE:GROY) reported its Q2 2025 results. The company recorded a 100% YoY growth in its revenue, land agreement proceeds, and interest to $4.4 million. Strong commodity prices and higher output from key interests at Canadian Malartic, Borborema, and Borden (Porcupine) resulted in $3.8 million in direct royalties.

For the quarter, Gold Royalty Corp. (NYSE:GROY) recorded production of 1,346 gold equivalent ounces (GEOs). Meanwhile, first-half 2025 revenue surged 25% to a record $8 million, thanks to 2,595 GEOs production. Looking ahead, the company reaffirmed its 2025 guidance of 5,700-7,000 GEOs. GROY expects heavier production in the second half of the year as Cote, Vares, and Borborema ramp up.

Following the earnings release, H.C. Wainwright increased its price target on Gold Royalty Corp. (NYSE:GROY) to $6.25 on August 7, maintaining a ‘Buy’ rating.

Gold Royalty Corp. (NYSE:GROY) is a Vancouver-based precious metals royalty company. It is included in our list of the Best Penny Stocks.