- Nomad Royalty released its Q2 results last month, reporting quarterly attributable sales of ~2,600 gold-equivalent ounces, and revenue of $4.6 million.
- Looking ahead to FY2022, the company should see meaningful growth from Blyvoor, which is ramping up to full production, and a sharp increase in revenue from its Caserones royalty.
- Given Nomad's improved diversification across metals and assets, there's no reason the stock should trade at a massive discount to peers at just 0.9x NAV.
- Based on Nomad's solid royalty/streaming portfolio with meaningful organic growth potential, I see the stock as a buy here at US$6.75.
For further details see:
Nomad Royalty: A Solid Buy-The-Dip Candidate