Canada's Gold Royalty Q2 revenue rises on portfolio expansion

Gold Royalty

05/08/2026 21:42

Overview
Canada gold royalty firm's Q2 revenue rose 76% yr/yr to record levels
Adjusted EBITDA for Q2 more than doubled yr/yr
Company maintains 2026 guidance of 7,500-9,300 GEOs

Outlook
Gold Royalty maintains 2026 guidance of 7,500-9,300 GEOs, based on $5,150/oz gold and $5.75/lb copper
Company says commodity prices will affect 2026 GEOs calculation from copper and other metals
Gold Royalty expects a catalyst-rich second half with progress at key projects

Result Drivers
PORTFOLIO EXPANSION - Co said acquisitions of new royalty interests, including Ren, Sterling, and Granite Creek projects, contributed to growth
HIGHER GEOs - Co reported over 40% growth in gold equivalent ounces in H1 2026, reaching new record levels, per CEO David Garofalo
COMMODITY PRICE LEVERAGE - Co said concentration in gold and copper assets provided strong leverage to gold and copper prices

Company press release: ID:nPn7524wha

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$6.73 mln
 
Q2 Net Income
 
$1.78 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 $5.00, about 85.9% above its August 4 closing price of $2.69
The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 42 three months ago

Reuters Recommended Reads
Aug 4 - SSR Mining Q2 adjusted EPS misses analyst expectations
Aug 4 - Mexico's Fresnillo H1 revenue jumps on higher precious metal prices; raises dividend
Aug 4 - FRP Holdings Q2 revenue rises as mining royalties jump 13%

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)