Gold Royalty
Builds a gold and copper portfolio of mining royalties and streams.
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Profile
Generates revenue from precious-metals royalties, metal streams and related mining interests while third-party operators run the underlying properties. Growth comes through acquisitions, financing arrangements and royalty generation, leaving revenue tied to operator execution, production and gold and copper prices.
Acquires net-smelter-return royalties, metal streams and related interests in gold and copper mines, leaving exploration, construction and operations to third-party operators. The portfolio is centered in the Americas, with interests also extending to other mining jurisdictions.
Builds the portfolio through financing, acquisitions and its Royalty Generator Model, which options, leases or sells mineral properties while retaining royalty interests. A lean Canadian team concentrates on transactions, financing structures and portfolio management rather than mine operations.
Cash generation depends on production, mine plans, regulatory compliance and disclosures from third-party owners and operators.
Company facts
Key statistics
Year to date −18.9% · Average volume (30d) 2.3M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| Jul 14, 2026 | Scotiabank | Reiterate | Outperform | $5.75 |
| May 7, 2026 | H.C. Wainwright | Target | $7.75 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.01 | $0.01 | +5.0% | $8.3M | $6.7M | −19.3% | −0.69% |
| May 6, 2026Q1 FY26 | $0.01 | $0.01 | 0.0% | $7.9M | $7.2M | −9.6% | +2.27% |
| Mar 18, 2026Q4 FY25 | $0.00 | $0.00 | — | $5.0M | $5.2M | +4.7% | −9.47% |
| Nov 5, 2025Q3 FY25 | −$0.01 | −$0.01 | −10.5% | $4.0M | $4.1M | +3.7% | −6.49% |
Financial highlights
| 11 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.1M | $3.8M | $4.1M | $4.5M | $7.2M | $6.7M | |
| Gross profit | $2.9M | $3.1M | $2.8M | $3.0M | $5.5M | $4.7M | |
| Operating income | $371.0K | $646.0K | $572.0K | $105.0K | $2.6M | $1.9M | |
| Net income | −$1.2M | −$829.0K | −$1.1M | −$920.0K | $1.8M | $1.8M | |
| Diluted EPS | −$0.01 | −$0.00 | −$0.01 | −$0.00 | $0.01 | $0.01 | |
| Gross margin | 92.5% | 82.1% | 68.5% | 66.0% | 76.6% | 69.3% | |
| Operating margin | 11.8% | 16.9% | 13.8% | 2.3% | 36.7% | 27.7% |
Fiscal years (4-quarter sums)FY24 $10.1M · FY25 $15.6M
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $14.1M · Total debt $54.0K · Total assets $850.1M · Shareholders' equity $724.5M
Dividends
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 16, 2023 | Jun 20 | Jun 30 | $0.01 | |
| Mar 30, 2023 | Mar 31 | Apr 13 | $0.01 | |
| Dec 14, 2022 | Dec 15 | Dec 30 | $0.01 | |
| Sep 19, 2022 | Sep 20 | Sep 30 | $0.01 | |
| Jun 16, 2022 | Jun 20 | Jun 30 | $0.01 | |
| Mar 14, 2022 | Mar 15 | Mar 31 | $0.01 |
Ownership
Shares outstanding 230.81M · Float 177.52M · 76.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Tether Global Investments Fund, S.I.C.A.F., S.A. | 33.30M | 14.40% | 13D | Jul 30, 2026 |
| Tether Holdings, S.A. de C.V. | 22.76M | 13.10% | 13D | Dec 1, 2025 |
| Morgan Stanley | 5.96M | 2.58% | 13F | May 15, 2026 |
| BlackRock, Inc. | 5.72M | 2.48% | 13F | May 13, 2026 |
| Regal Partners Ltd | 5.71M | 2.47% | 13F | May 15, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Franco-Nevada
Leading gold royalty and stream financier with exceptional deal capacity.
- Wheaton Precious Metals
Major precious-metals streaming financier for gold, silver, and copper.
- Royal Gold
Scaled buyer of gold and copper streams, royalties, and similar interests.
- OR Royalties
Large Canadian precious-metals royalty and stream financier.
- Triple Flag Precious Metals
Large precious-metals royalty and stream buyer focused on the Americas.
- Metalla Royalty & Streaming
Mid-sized gold, silver, and copper royalty and stream acquirer.
- Vox Royalty
Acquisition-focused mining royalty and streaming buyer.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Gold Royalty | $3.35 | +1.21% | $766.3M | 503.0 | 44.7 | 34.0 | +76.1% |
| Franco-Nevada | $272.44 | +2.35% | $51.33B | 34.8 | 29.7 | 22.2 | +57.3% |
| Wheaton Precious Metals | $152.55 | −0.50% | $69.63B | 34.0 | 29.7 | 21.9 | +84.7% |
| Royal Gold | $263.05 | +0.06% | $22.31B | 28.7 | 21.8 | 14.4 | +114.9% |
| OR Royalties | $36.90 | −1.31% | $7.01B | 24.9 | 22.2 | 17.9 | +120.8% |
| Triple Flag Precious Metals | $34.50 | +1.58% | $7.02B | 17.0 | 25.6 | 14.4 | +37.3% |
| Metalla Royalty & Streaming | $10.54 | −0.09% | $984.9M | — | 93.4 | 58.1 | +82.2% |
| Vox Royalty | $5.57 | −0.18% | $383.8M | 8.0 | 45.2 | 11.5 | +122.6% |
| Median | 26.8 | 29.7 | 17.9 | +84.7% |