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Is Gold Royalty Corp. (GROY) One of the Best Fast Growing Penny Stocks to Buy?

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.

Photo from Orla Mining website

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 risk and potential of GROY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GROY and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
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