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ELYGF - Ely Gold Royalties: A Look At The Valuation After The Drop
Ely Gold Royalties Inc
It's been a busy year for Ely Gold Royalties (ELYGF), as the company has been one of the most active names in the royalty space, with several deals completed this year. This has helped the stock outperform its peers in the royalty/streaming space, with Ely Gold putting up an exceptional 240% return year-to-date. However, while we should see revenue grow considerably next year due to the steady addition in royalty assets, the valuation remains quite lofty at C$1.62, with the company trading at a revenue multiple above 60. Therefore, while I believe there is long-term