• National Bank sets a price target of $5.50 for AMEX:GROY, indicating a potential increase of approximately 34.8%.
• GROY plans to issue 22.5 million common shares at $4.00 each, aiming to raise $90 million.
• The stock has shown a 5.70% increase, reaching a high of $4.08 today.

Gold Royalty Corp., trading on the NYSE American under the symbol GROY, is a company involved in the acquisition and management of gold-focused royalties. The company aims to provide investors with exposure to gold prices without the risks associated with mining operations. GROY competes with other royalty and streaming companies in the precious metals sector.

On December 9, 2025, National Bank set a price target of $5.50 for AMEX:GROY, suggesting a potential increase of approximately 34.8% from its current price of $4.08. This optimistic outlook comes amid GROY's recent announcement to upsize its bought deal financing due to high demand. The company plans to issue 22.5 million common shares at $4.00 each, aiming to raise $90 million.

The financing is managed by National Bank Capital Markets, BMO Capital Markets, and RBC Capital Markets, acting as joint bookrunners. This move reflects strong investor interest and confidence in GROY's growth prospects. The company has also provided an over-allotment option to underwriters, which can be exercised within 30 days post-closing.

GROY's stock has shown a 5.70% increase, with a $0.22 change, reaching a high of $4.08 today. The stock has fluctuated between $3.83 and $4.08 during the day. Over the past year, GROY's stock has ranged from a low of $1.16 to a high of $4.49, with a market capitalization of approximately $694.27 million.

Today's trading volume for GROY is 5,674,715 shares on the AMEX exchange, indicating active investor interest. The company's base shelf prospectus and preliminary prospectus supplement are accessible, with the final prospectus supplement expected soon on SEDAR. This financing initiative positions GROY for potential growth and aligns with National Bank's positive price target.