H.C. Wainwright Is Bullish on Gold Royalty Corp. (GROY) Following Borborema Royalty Deal

We recently compiled a list of the 12 Cheap Small-Cap Stocks to Invest In Before the Next Breakout. Gold Royalty Corp. is among the best small-cap stocks.

TheFly reported on January 15 that H.C. Wainwright raised the price target for GROY from $6.25 to $7 and maintained a Buy rating. The update came after the company acquired an additional net smelter return royalty on the Borborema mine, which contributed to the revised target.

Just a day earlier, on January 14, Gold Royalty Corp. (NYSE:GROY) reported that it had reached a deal with Dundee Corporation to purchase a net smelter royalty on the Borborema gold mine in Brazil for a total of $45 million. The consideration includes $30 million in cash and approximately 3.57 million newly issued common shares, based on a 20-day volume-weighted average price of $4.20.

Gold Royalty Corp. (NYSE:GROY) is a precious metals royalty and streaming company that provides creative financing to the mining industry. It acquires royalties and streams on gold and other assets across the Americas, building a diversified portfolio that offers investors exposure to long‑term production and exploration upside.

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Disclosure: None.