Gold Could be Headed for $7,000 by 2025… (1)

Maybe that’s why H.C. Wainwright analyst Heiko F. Ihle, CFA believes there could be 290% upside potential for Gold Royalty Corp.(NYSE American: GROY) (2)

Unlocking Gold's Potential in 2024 with a Hidden Gem You May Have Never Heard of...

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The year 2024 is shaping up to be a pivotal one for the precious metals market, particularly for gold. (3) 

Experts, industry leaders, financial analysts, and major banks are closely watching several key factors that are expected to influence the forecast of gold prices in 2024. (3)

These factors encompass both domestic and global issues, and their interplay will determine the trajectory of this precious metal. (3)

Among the significant factors affecting the 2024 gold price forecast are: (3)

US/Global Recession: Economic downturns, whether on a global or national scale, have historically driven investors toward safe-haven assets like gold. The possibility of a recession in 2024 is a critical factor to watch.

The Fed Pivots and Cuts Interest Rates: Monetary policy decisions by the Federal Reserve can have a profound impact on gold prices. If the Fed pivots and lowers interest rates, it may spur greater demand for gold.

Geopolitical Tensions and Ongoing Conflicts: Uncertainty stemming from geopolitical tensions, such as conflicts in the Middle East and Europe, can drive investors to seek refuge in gold as a hedge against instability.

Weakening of the US Dollar: Gold prices often move inversely to the strength of the US dollar. A weaker dollar can be a bullish factor for gold.

US Political Risks and Elections: Political uncertainty and major elections can influence investor sentiment and, consequently, gold prices.

Given these factors, it’s no surprise that various financial institutions have different forecasts for the price of gold in 2024.

Here’s a list of some prominent forecasts:

Amidst these diverse forecasts and the evolving landscape of the precious metals market, one company stands out as a potential beneficiary of these price movements: Gold Royalty Corp. (NYSE American: GROY).

Gold Royalty Corp. (NYSE American: GROY) has been strategically positioning itself to thrive in the changing market conditions, making it a company worth keeping an eye on in 2024.

With its growing portfolio of royalties in both precious and base metals, Gold Royalty Corp. (NYSE American: GROY) could be well-positioned to capitalize on the anticipated shifts in gold prices and offer potential benefits to shareholders and investors.

 

5 Reasons why Gold Royalty Corp. (NYSE American: GROY) Could Witness Significant Upside Potential in 2024

With gold potentially heading for $7,000 by 2025 and analyst Heiko F. Ihle’s target which suggests 290% upside potential for Gold Royalty Corp. (NYSE American: GROY), here are 5 compelling reasons to immediately begin your research on this company.

Diverse Portfolio

Strategically acquiring royalties, streams, and similar interests in precious metals across different regions, Gold Royalty Corp. (NYSE American: GROY) ensures diversity that reduces dependency on any single asset, ensuring lower portfolio volatility.

Significant Production Potential

Several of the projects in Gold Royalty Corp.'s portfolio are expected to enter production in the near future, with some already in operation. This means Gold Royalty Corp. has the opportunity to diversify its income streams from multiple sources, enhancing its financial stability and growth potential.

Exploration Benefits, Less Risk

Unlike traditional mining companies, Gold Royalty Corp. (NYSE American: GROY) avoids direct financial exposure to exploration and development costs. Still, it retains the potential for upside from mine life extensions and exploration successes.

Revenue Protection

Enjoying revenue insulation, Gold Royalty Corp. (NYSE American: GROY) shields itself from the adverse effects of escalating capital and operating costs that often burden mining companies. This protective measure enhances the attractiveness of holding such interests in the company.

Experienced Management Team and Board

Boasting over 400 years of collective experience, Gold Royalty Corp.'s (NYSE American: GROY) seasoned management team and accomplished Board members bring a wealth of expertise spanning various facets of the industry. Continuously dedicated to executing their well-established strategy of growth through value-enhancing acquisitions, they have recently completed significant transactions to fortify the company's portfolio. (11)

H.C. Wainwright Analyst Target Highlights Gold Royalty Corp. (NYSE American: GROY)’s Upside Potential

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On Wall Street, credible analysts and trusted institutions can wield significant influence when it comes to predictions. Heiko F. Ihle, CFA, an analyst at H.C. Wainwright & Co., one of the country’s long-standing and respected financial institutions, has recently set an impressive target for Gold Royalty Corp. (NYSE American: GROY). His target of $5.50 suggests a substantial 290% potential upside from the recent opening price of $1.41, as reported by Barchart.com. (5) 

This target represents a promising outlook for the company’s future and suggests an overall valuation of $913.3M. As of 1/24/2024, According to MarketWatch.com, Gold Royalty Corp. (NYSE American: GROY) has a market cap of just under $203M. (6)

A Legacy of Trustworthiness

H.C. Wainwright & Co., established in 1868, has a storied history of trust and financial dependability. While originally founded in Boston, Massachusetts, it now operates from its headquarters in New York City. The institution effectively combines traditional values with innovative financial services, encompassing banking, corporate finance, and strategic advisory services. (4)

Heiko F. Ihle’s Target (2)

Heiko F. Ihle’s $5.50 target for Gold Royalty Corp. (NYSE American: GROY) signifies the remarkable potential he envisions for the company. This prediction, suggesting a significant 290% upside potential from its $1.41 open on 1/24/2024, could undoubtedly catch the attention of market observers.

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In a financial landscape where trust and credibility are paramount, Heiko F. Ihle’s endorsement carries substantial weight. With the enduring legacy of H.C. Wainwright & Co.’s reliability and trustworthiness, this ambitious target for Gold Royalty Corp. (NYSE American: GROY) warrants your immediate attention.

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As the financial world evolves, insights from esteemed institutions and analysts like Heiko F. Ihle serves as invaluable guidance for those seeking exposure to companies like Gold Royalty Corp. (NYSE American: GROY).

Significant Shareholders and Expanding Research Coverage

Gold Royalty Corp. (NYSE American: GROY) is attracting significant shareholders, including prominent names such as GoldMining Inc., Nevada Gold Mines, GDXJ VanEck ETF, BMO Asset Management, Commodity Capital, Taurus Royalty Fund, Queen’s Road Capital, and members of its own Board and Management.

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This diverse and influential base has prompted an increase in research coverage and extensive discussions surrounding the company’s future prospects.

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Why is Gold Royalty Corp. (NYSE American: GROY) so Special?

In the ever-evolving world of precious metals, diversification and risk management are critical components of a successful strategy. (11)

For those seeking exposure to precious metals, Gold Royalty Corp. (NYSE American: GROY) offers a distinctive business model that sets it apart from traditional mining companies, exchange-traded funds (ETFs), and physical commodity funds. (11)

A Focused Approach to Portfolio Growth

Gold Royalty Corp. (NYSE American: GROY)’s business model centers on managing and expanding its portfolio of precious metals interests through the acquisition of royalties, streams, and similar interests. (11)

Unlike mining companies, Gold Royalty Corp. (NYSE American: GROY) does not operate mines, undertake project development, or engage in exploration activities. This unique approach offers several compelling advantages. (11)

Lower Volatility Through Diversification

Diversification is a well-known risk mitigation strategy, and Gold Royalty Corp. (NYSE American: GROY) applies it expertly. By investing in precious metals interests across various geographies, the company reduces its reliance on any one specific asset, project, or location. This diversification enhances portfolio stability and minimizes the impact of adverse developments in any particular region. (11)

Exploration Upside with Less Risk

Traditional mining companies often face significant financial exposure to exploration, development, operating, and sustaining capital expenditures associated with mining projects. In contrast, Gold Royalty Corp. (NYSE American: GROY) maintains limited direct financial exposure to these aspects while still retaining the potential for upside from mine life extensions, operational expansions, and exploration successes related to the underlying assets in its portfolio. This means enthusiasts can enjoy the benefits of exploration and expansion opportunities without the associated risks. (11)

Focus and Scalability

Gold Royalty Corp. (NYSE American: GROY) benefits from its accomplished management team, board of directors, and advisory board, boasting over 400 years of combined mining sector expertise. This seasoned group possesses extensive knowledge, hands-on experience, and an extensive network within the industry. (11)

Leveraging this wealth of collective wisdom, experience, and connections, Gold Royalty Corp. (NYSE American: GROY) effectively pursues its strategy of expanding its royalty portfolio on a per-share basis, ensuring the company’s continued growth and success. (11)

Their concentrated efforts on portfolio expansion and management contribute to increased efficiency and scalability. (11)

Advantages Over Traditional Strategies

Compared to traditional mining companies, ETFs, and funds that hold physical commodities, Gold Royalty Corp. offers several unique advantages: (11)

Insulated Revenue Exposure: GROY’s top-line revenue exposure is protected from the escalating capital and operating costs that often burden mining companies. (11)

Exploration and Expansion Upside: Enthusiasts benefit from free exposure to exploration and expansion opportunities pursued by GROY’s operating partners. (11)

Reduced Single Asset Risk: GROY’s diversified portfolio minimizes the risk associated with reliance on a single mining asset. (11)

Efficient Human Capital: The company’s lean and scalable human capital requirements result in consistent and low overhead costs, ultimately leading to healthier cash flow margins. (11)

Royalties & Streaming 101 (11) 

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To understand Gold Royalty Corp. (NYSE American: GROY)’s business model better, it’s essential to grasp the concepts of royalties and streams. A royalty typically involves payments based on a percentage of the value of metals produced or revenues generated from a project. Streams, on the other hand, require an upfront payment or deposit in exchange for purchasing a predetermined percentage of a mine’s production at a defined or pre-determined price. (11)

These interests, whether royalties or streams, are generally non-operating, meaning the holder is not obligated to contribute additional funds for any purpose, including capital and operating costs. They often cover the entire life of a mine, although some streams may be structured over a specified period or production interval. (11) 

Gold Royalty Corp. (NYSE American: GROY) presents a compelling opportunity in the precious metals sector.

With a unique business model focused on portfolio growth, diversification, and risk management, Gold Royalty Corp. (NYSE American: GROY) offers enthusiasts a distinctive way to benefit from the potential upside of precious metals while minimizing exposure to operational and exploration risks associated with traditional mining companies.

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This innovative approach aligns with modern investment strategies, making Gold Royalty Corp. (NYSE American: GROY) a noteworthy player in the evolving landscape of precious metals interests. (11)

Let’s take a close look at some of the projects Gold Royalty Corp. (NYSE American: GROY) is involved in…

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In the world of mining, it’s often said that what you see on the surface is just the tip of the iceberg.

Gold Royalty Corp. (NYSE American: GROY) is a prime example of this adage, with a diverse portfolio that extends far beyond what meets the eye.

In fact, Gold Royalty Corp. (NYSE American: GROY) has over 200 royalties strategically positioned in mining-friendly jurisdictions throughout the Americas. Click here for a full list of royalties.

Meet the Key Management and Directors of Gold Royalty Corp. (NYSE American: GROY) (12)

Key Management:

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Mr. Garofalo - CEO, President, Chairman, and Director

Mr. Garofalo has been at the helm of the Company since August 2020, bringing three decades of leadership experience in the natural resources sector. Prior to joining, he led Goldcorp Inc. and Hudbay Minerals Inc. to success, with notable accolades and a strong financial background. (12)

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Andrew Gubbels - CFO

As the Chief Financial Officer, Mr. Gubbels comes from Aris Gold Corporation and has a remarkable career in investment management, corporate development, and M&A. He holds degrees from Queen's University and the University of Toronto. (12)

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John W. Griffith - Chief Development Officer

Mr. Griffith, the Chief Development Officer since September 2020, boasts nearly 30 years of experience in global investment banking. He's been involved in significant M&A deals, including Goldcorp Inc.'s merger with Newmont Mining. He holds a Bachelor of Commerce from the University of Cape Town. (12)

Key Directors:

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Warren Gilman

A director since August 2020, Mr. Gilman is a mining finance veteran. He's the Founder, Chairman, and CEO of Queen’s Road Capital Investment Ltd., with an extensive career at CIBC World Markets. His expertise spans the globe and includes advising major mining companies. (12)

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Alan Hair

Mr. Hair, a mineral engineer with over 37 years in the industry, served as President and CEO of Hudbay Minerals Inc. He played a pivotal role in the successful development of the Constancia Mine in Peru. He holds a Bachelor of Science degree from the University of Leeds. (12)

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Ken Robertson

Formerly a partner at Ernst & Young LLP, Mr. Robertson brings his extensive financial and compliance experience to the board. He is a Chartered Professional Accountant and serves on the boards of Mountain Province Diamonds Inc. and Silvercorp Metals Inc. He holds a Bachelor of Commerce degree from McMaster University. (12)

These key members of Gold Royalty Corp. (NYSE American: GROY)’s leadership and board of directors collectively bring a wealth of knowledge and experience to guide the company towards a prosperous future in the natural resources sector.

Gold Could be Headed for $7,000 by 2025? (1)

Maybe that’s why H.C. Wainwright analyst Heiko F. Ihle, CFA believes there could be 290% upside potential for Gold Royalty Corp.(NYSE American: GROY) (2)

5 Reasons why Gold Royalty Corp. (NYSE American: GROY) Could Witness Significant Upside Potential in 2024

With gold potentially heading for $7,000 by 2025 and analyst Heiko F. Ihle’s target which suggests 290% upside potential for Gold Royalty Corp. (NYSE American: GROY), here are 5 compelling reasons to immediately begin your research on this company.

Diverse Portfolio

Strategically acquiring royalties, streams, and similar interests in precious metals across different regions, Gold Royalty Corp. (NYSE American: GROY) ensures diversity that reduces dependency on any single asset, ensuring lower portfolio volatility.

Significant Production Potential

Several of the projects in Gold Royalty Corp.'s portfolio are expected to enter production in the near future, with some already in operation. This means Gold Royalty Corp. has the opportunity to diversify its income streams from multiple sources, enhancing its financial stability and growth potential.

Exploration Benefits, Less Risk

Unlike traditional mining companies, Gold Royalty Corp. (NYSE American: GROY) avoids direct financial exposure to exploration and development costs. Still, it retains the potential for upside from mine life extensions and exploration successes.

Revenue Protection

Enjoying revenue insulation, Gold Royalty Corp. (NYSE American: GROY) shields itself from the adverse effects of escalating capital and operating costs that often burden mining companies. This protective measure enhances the attractiveness of holding such interests in the company.

Experienced Management Team and Board

Boasting over 400 years of collective experience, Gold Royalty Corp.'s (NYSE American: GROY) seasoned management team and accomplished Board members bring a wealth of expertise spanning various facets of the industry. Continuously dedicated to executing their well-established strategy of growth through value-enhancing acquisitions, they have recently completed significant transactions to fortify the company's portfolio. (11)

Source 1: https://www.bnnbloomberg.ca/video/gold-could-be-headed-for-us-7-000-by-2025-strategist~2035438.amp.html
Source 2: https://www.resource-capital.ch/fileadmin/news/Gold_Royalty_Corp/2023_DE-EN/17112023_HCW_GROY_550_.pdf
Source 3: http://tinyurl.com/bdruu7pd
Source 4: https://hcwco.com/about-us/our-history/
Source 5: https://www.barchart.com/stocks/quotes/GROY/price-history/historical?orderBy=tradeTime&orderDir=desc
Source 6: https://www.marketwatch.com/investing/stock/groy?mod=search_symbol
Source 7: https://www.otcmarkets.com/stock/GROY/overview
Source 8: https://www.sec.gov/Archives/edgar/data/1228627/000114036113038816/image0.jpg
Source 9: https://www.goldroyalty.com/_resources/presentations/corporate-presentation.pdf
Source 10: https://static.seekingalpha.com/uploads/2021/3/23/45984866-16164922356269019_origin.png
Source 11: https://www.goldroyalty.com/_resources/Gold-Royalty-2023-Asset-HandBook-Final.pdf?v=0.612
Source 12: https://www.goldroyalty.com/company/management-and-directors/

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