<div id="readability-page-1"><p>Analyst Tate Sullivan from Maxim Group maintained a Buy rating on Gold Royalty and keeping the price target at $7.00.</p><h3>Claim 55% Off TipRanks</h3><ul><li>Unlock  hedge fund-level data  and  powerful investing tools  for smarter, sharper decisions  </li><li> Discover top-performing stock ideas and upgrade to a portfolio of market leaders with  Smart Investor Picks  </li></ul> <p>Tate Sullivan has given his Buy rating due to a combination of factors including strong operational performance and attractive valuation. Gold Royalty’s first-quarter results exceeded his revenue expectations on the back of higher gold volumes and prices, while earnings aligned with forecasts, reinforcing confidence in the company’s execution. In addition, management reaffirmed robust production guidance through 2026 and 2030, pointing to substantial growth in future cash flow from the existing royalty portfolio.</p> <p>Sullivan also highlights the company’s solid financial position, with meaningful cash on hand, no debt, and growing operating cash flow that can support further royalty acquisitions. He notes that the shares trade close to book value today, yet his $7 price target reflects a materially higher multiple on projected book value as production and cash flow expand. The unchanged $7 target implies compelling upside, supported by both rising royalty-driven revenues and the fact that only a small fraction of the portfolio is currently contributing, leaving considerable embedded growth potential.</p> <p>In another report released on May 7, BMO Capital also maintained a Buy rating on the stock with a $5.00 price target.</p></div>

GROY

<p>Analyst Tate Sullivan from Maxim Group has maintained a Buy rating on Gold Royalty, keeping the price target at $7.00. This decision is based on strong Q1 performance, with revenue exceeding expectations due to higher gold volumes and prices. Management reaffirmed robust production guidance through 2026 and 2030, indicating significant future cash flow growth. Sullivan notes the company's solid financial position, with no debt and growing cash flow, supporting further acquisitions. The unchanged $7 target suggests substantial upside potential, as only a small portion of the portfolio is currently contributing to revenues.</p>

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GOLD ROYALTY CORP C/WTS 31/05/2027 (TO PUR COM)

Gold Royalty Maintained at Buy as Strong Q1 Performance and Growth Outlook Support Unchanged $7 Price Target