Canada's Gold Royalty Q1 revenue more than doubles, returns to profit on strong streaming income

Gold Royalty

07/05/2026 03:03

Overview

The Canadian gold royalty firm's Q1 revenue more than doubled year-over-year to a record high

Q1 adjusted EBITDA rose over 300% from prior year, reaching a record level

Company posted net profit in Q1, reversing a loss from a year ago

Outlook

Gold Royalty maintains 2026 guidance of 5,700-7,000 GEOs, including 600 GEOs from land agreements

Company expects production to be weighted toward second half of 2026

Gold Royalty says commodity prices will affect 2026 GEO calculation

Result Drivers

HIGHER ROYALTY AND STREAMING INCOME - Record Q1 revenue driven by increased royalty and streaming income from portfolio assets

PORTFOLIO PERFORMANCE - Growth in gold equivalent ounces and higher production at mines such as Borborema contributed to results

LAND AGREEMENT PROCEEDS - Land agreement proceeds and interest income were included in total revenue, supporting overall growth

Company press release: ID:nCNWgPPtFa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
$1.77 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy"

Wall Street's median 12-month price target for Gold Royalty Corp is $6.00, about 70.5% above its May 6 closing price of $3.52

The stock recently traded at 44 times the next 12-month earnings vs. a P/E of 61 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)