Gold Royalty’s Strategic Positioning and Financial Stability Justify Buy Rating
Rene Cartier has issued a Buy rating for Gold Royalty, citing its strategic positioning and financial performance. The company reported Q3/25 revenue of $4.6 million and positive free cash flow, enabling debt reduction. Gold Royalty is diversifying its portfolio and focusing on underground development at the Vareš mine, which is expected to enhance production and shareholder value. Scotiabank also maintains a Buy rating with a $4.00 price target.
Rene Cartier has given his Buy rating due to a combination of factors that reflect Gold Royalty’s strategic positioning and financial performance. The company has reported preliminary Q3/25 results that align with expectations, showing a total revenue of $4.6 million and positive free cash flow, which has allowed them to reduce debt. This financial stability is a positive indicator for future growth prospects.
Additionally, Gold Royalty is actively executing new transactions and diversifying its portfolio, which could enhance shareholder value. Despite the challenge of having a majority non-producing portfolio, the management’s strategy could lead to improved valuation multiples as they continue to execute their plans. The company’s focus on underground development at the Vareš mine is expected to bolster production in the coming years, further supporting the Buy rating.
In another report released yesterday, Scotiabank also maintained a Buy rating on the stock with a $4.00 price target.
