5 Best Fast Growing Penny Stocks to Buy Right Now

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1. Gold Royalty Corp. (NYSEAMERICAN:GROY)

Number of Hedge Fund Holders: 26

Gold Royalty Corp. (NYSEAMERICAN:GROY) is one of the best fast growing penny stocks to buy right now. On May 6, Gold Royalty Corp. achieved record financial results for Q1 2026, reporting $7.2 million in revenue and $9.4 million in total revenue and land agreement proceeds. This performance represented 1,920 gold equivalent ounces/GEOs, with Adjusted EBITDA surging ~318% year-over-year to $7.0 million. The company ended the period with a strong balance sheet, featuring $13.6 million in cash, no debt, and an undrawn $150 million credit facility.

The company remains on track to meet its 2026 outlook of 7,500 to 9,300 GEOs, with Q1 results already exceeding the low end of this guidance on an annualized basis. Significant portfolio progress supported these results, including early production at the Odyssey Mine’s East Gouldie ramp and increased production guidance at the Côté Gold Mine. Management expects production for the remainder of the year to be weighted toward the second half as multiple assets continue their planned ramp-ups.

In a key leadership update, John Griffith has been appointed President of the company, and Jackie Przybylowski will expand her role to include sustainability efforts starting July 1, 2026. These appointments coincide with the company’s fifth anniversary of its initial public offering and the successful generation of 56 royalties through its generator model.

Gold Royalty Corp. (NYSEAMERICAN:GROY) is a precious metals-focused royalty company dedicated to providing financing solutions to the metals and mining industry, with a concentration on long-term production growth.

While we acknowledge the potential of GROY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GROY and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 10 Best Stocks to Buy for the Next 15 Years and 12 Best AI Stocks Under $50 to Buy Right Now.

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