GROY - Gold Royalty Corp: Trading At A Premium To Sector Peers
- Gold Royalty Corporation is one of the best-performing gold stocks this year, up 60% since March vs. a 1% return for the Gold Miners Index.
- The company recently announced a deal to combine with Abitibi Royalties and Golden Valley to create a much larger previous metals royalty company with over 190 assets.
- However, while the company's portfolio size stands out among peers, its annual revenue and diversification in relation to its number of producing assets is well below the peer average.
- At a share price of $5.46, and a P/NAV multiple above 1.10, I see much better value for investors elsewhere in the sector.
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Gold Royalty Corp: Trading At A Premium To Sector Peers