Gold Royalty Corp (GROY) is One of the Best Up and Coming Canadian Stocks

​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.

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 this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.