Scotiabank Maintains an Outperform Rating on Gold Royalty Corp. (GROY)

Gold Royalty Corp. (NYSE:GROY) is among the 11 Best Gold Stocks to Buy for 2026.

On January 26, 2026, TheFly reported that Scotiabank maintained its Outperform rating. It increased its price objective for Gold Royalty Corp. (NYSE:GROY) from $5 to $6. The change was part of a larger modification to its Gold and Precious Minerals coverage universe. Scotiabank has raised its projections for the prices of gold and silver, citing geopolitical threats, economic uncertainties, and the sector’s ongoing solid central bank gold purchases.

Furthermore, on January 23, 2026, Maxim reaffirmed its buy rating and boosted its price goal for Gold Royalty Corp. (NYSE:GROY) from $5 to $7. The company revised its valuation model to account for recent acquisitions of gold royalties and rising gold prices. According to Maxim, all of these factors suggest that the firm’s production expansion profile and exposure to rising gold prices will be beneficial.

Separately, on December 8, 2025, the company declared that it had reached a deal with BlackRock World Mining Trust plc to purchase an existing royalty on the Pedra Branca mine for $70 million in cash.

Gold Royalty Corp. (NYSE:GROY) is a royalty corporation that specializes in precious metals and offers financing solutions to the mining and metals market.

While we acknowledge the potential of GROY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.