Here’s Why Scotiabank Lifted the Price Target on Gold Royalty Corp (GROY) to $6 from $5

Gold Royalty Corp (NYSE:GROY) is one of the best strong buy stocks to invest in under $5. On January 26, Scotiabank lifted the price target on Gold Royalty Corp (NYSE:GROY) to $6 from $5 while maintaining an Outperform rating on the shares. The firm told investors that it is updating price targets for the stocks under its coverage in the Gold and Precious Minerals sector, raising both the gold and silver forecasts in a backdrop featuring geopolitical and economic uncertainty, along with strong central bank buying.

Why Gold Royalty Corp (GROY) Mining Stock Is Skyrocketing So Far In 2025?

Maxim also raised the price target on Gold Royalty Corp (NYSE:GROY) to $7 from $5 on January 23 and maintained a Buy rating. The firm adjusted its model to take into account the increased gold prices and gold royalty acquisitions, trends that reflect that the company has a positive outlook for both gold prices and production growth.

The rating updates came after Gold Royalty Corp (NYSE:GROY) announced on January 21 the preliminary results for fiscal Q4 2025, stating that it achieved another record quarter of revenue and Total Revenue, Land Agreement Proceeds and Interest. Total Revenue, Land Agreement Proceeds and Interest for the quarter grew by around 37% compared to Q4 2024 to $5.2 million (revenue of $4.5 million), equating to 1,255 gold equivalent ounces. For 2025, Total Revenue, Land Agreement and Proceeds and Interest also grew by 38% from 2024 to a record $17.7 million (revenue of $15.6 million), equating to 5,173 GEOs.

Gold Royalty Corp (NYSE:GROY) operates as a precious metals-focused royalty company offering financing solutions to the metals and mining industry.

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