9 Best Up and Coming Canadian Stocks to Buy

​4. Gold Royalty Corp. (NYSEAMERICAN:GROY)

Number of Hedge Fund Holders: 23

​Gold Royalty Corp. (NYSEAMERICAN:GROY) is one of the Best Up and Coming Canadian Stocks to Buy. On November 25, Gold Royalty Corp. (NYSEAMERICAN:GROY) announced an enhanced revolving credit facility of up to $100 million and the elimination of debt.

​Management announced that it reached an agreement with the Bank of Montreal and National Bank Capital Markets to increase its borrowing ability through a revolving credit facility. As a result, the facility has been increased to $75 million, and the company can potentially increase this by another $25 million if certain conditions are met. Moreover, the duration of this facility has also increased and now lasts until November 2028. Notably, Gold Royalty Corp. (NYSEAMERICAN:GROY) had to pay off at least 75% of these debentures to unlock the new facility, meaning the company has paid most of its existing debt that was due in 2028.

​Moreover, the share price of Gold Royalty Corp. (NYSEAMERICAN:GROY) has surged more than 25.5% since the fiscal Q3 2025 results, announced on November 5. Wall Street has had a positive outlook on the stock since the release. Earlier on November 10, Tate Sullivan from Maxim Group reiterated a Buy rating on the stock, but lowered the price target from $6 to $5. On November 7, Heiko Ihle from H.C. Wainwright also reiterated a Buy rating on the stock with a $6.25 price target.

​Gold Royalty Corp. (NYSEAMERICAN:GROY) is a Canadian company that provides financing solutions to the metals and mining industry by acquiring royalties and streaming interests on gold and other precious metals properties.