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ROY: Gold Mining Royalty Co's


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Update: ROY-cheap. MTA (2.78), GROY (1.41), EMX (1.80), UGL ($77), rgld (125.16)

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BREAKOUT? Watch T-toR Ratio (Top: 13%?)             : List, GOLD Royalty Cos.

Gold Royalty co's are all BID going into Easter!  Big Breakout coming next? 

RGLD 124.6 = Tfpm 16.36, 13.1%, Sand 5.63, 4.5%; Fnv 122.9, 98.6%, at 4.26

3.28.24 / 121.8= Tfpm 14.45, 11.9%, Sand 5.25, 4.3%; Fnv 119.2, 97.9%

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Ratio: TFPM to-RGLD: 11.9%; B@10%, S@13%

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== OLDER follows...

FNV / Franco Nevada: 3.12.24: $113.03 / rgld-$112.04= 91.6%

12.29.23: $110.81 / rgld-$120.96= 91.6%

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FNV-etc: UGL: 00.00, gdx: 00.00, 20.0%, rgld: 120.0, 00.0%. fnv: 100.0, 00.0%

Ye'2023: / UGL: 00.00, gdx: 00.00, 20.0%, rgld: 120.0, 00.0%. fnv: 100.0, 00.0%

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w/TFPM ($13.31) vs-UGL ($63.87): 20.8%

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UGL ($63.87) vs.GLD ($191.17) = 33.4%, HK-Gold ($1,502): w/AGQ (27.17): w/SIL (28.37):

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UGL-to-GLD

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Ratio: FNV to_RGLD: 92.6%

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Triple Flag, vs. 2X Gold ..   40x Feb$10, 40x Jul$10

TFPM : $16.36 /UGL: $79.46= 20.6%  GDX ($34.58, 47.3%) 4.26.24 
03.27.24: $14.45/ $72.26= 20.0%, /$30.96= 46.7% 
12.29.23: $13.31/ $63.87 = 20.8%, /$31.01=  42.9% 
07.01.22 : $13.05/ $56.45= 23.1%, /$28.16=  46.3%  

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===

TFPM ($13.31) $10 Call, feb.15: 3.30-3.60: 3.45 = 13.45 / 0.231= $58.22>$63.87, +9.7%

Ratio: TFPM : $16.36 /UGL: $79.86= 20.6%, YE'23: $13.31 /$63.87= 20.8%

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Gold Royalty Corp/ GROY: $1.90 /UGL-68.66=2.77%; Tfpm: 13.56, 19.7%

3.12.24: $1.85 / UGL-68.66 = 2.69%; Tfpm: 13.44, 19.57%

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GROY operates as a gold-focused royalty company, offering innovative financing solutions to the metals and mining industries. The company's strategy is to acquire royalties, streams, and similar interests across the mine life cycle, building a diversified portfolio with near, medium, and longer-term returns. Currently, Gold Royalty's portfolio primarily comprises net smelter return royalties on gold properties situated in the Americas.

In its recent earnings report for Q3 2023, Gold Royalty Corporation (NYSE: GROY) demonstrated positive momentum. The company reported a lower adjusted net loss and significantly higher total revenue and land agreement proceeds compared to the previous quarter. Notably, there was an approximately 11% increase in total royalties.

While quarterly revenue showed a slight decrease compared to the same period last year, there was a notable 48% growth in total revenue and land use agreement proceeds. This growth was primarily attributed to new revenue from Cozamin, offsetting the absence of revenue from Jerritt Canyon due to care and maintenance. Operating cash flow before working capital changes also improved significantly, reflecting the company's efforts to reduce costs and streamline administrative activities.

Although Gold Royalty's financial metrics are improving, the company still reported net losses, which may raise concerns among investors. However, with the higher average realized gold price and a significant increase in attributable gold-equivalent ounce production, the company anticipates a positive trajectory in the coming years. The outlook for 2024 suggests an inflection point, with expected growth in operating cash flow, further boosted by continued production increases in 2025.

In recent moves, Gold Royalty Corp. announced significant investments and acquisitions. The company entered into agreements with Borborema Inc. to provide project financing for the Borborema gold project in Brazil, securing a 2% net smelter return royalty and a royalty-convertible gold-linked loan. Additionally, Gold Royalty completed the acquisition of a portfolio of 21 royalties in Quebec from SOQUEM, further enhancing its asset base and growth potential.

These initiatives underscore Gold Royalty's commitment to expanding its royalty portfolio and capitalizing on emerging opportunities in the gold mining sector. With a focus on responsible mining practices and operational excellence, Gold Royalty Corporation (NYSE: GROY) remains poised for continued growth and value creation in the gold royalty space.

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CHEAPEST 3 - Royalty, based on P/CF

USD.eqv  Price: Gn.>Target  NAV: Pr/N: Pr/CF EV/eb FCFsust.Mr
1 SAND    4.65 +47% $6.85 $6.04 0.77x 12.4x, 11.3x 57%  
2 RGLD 112.75 +28% 144.0 78.30: 1.44x 14.0x, 11.7x 69%  
3 TFPM  13.63 +14%: 15.56 14.48: 1.27x 16.5x, 15.2x 76%  
6 WPM   44.70 +26% 56.30 29.60 1.51x  25.8x 21.8x 66%   
7 FNV     115.0  + 4%: 120.0 55.27 2.08x 26.5x 20.1x 72%

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SUGGESTIONS:    
+ Lg. Cap., Diversified: AEM / Agnico-Eagle    
+ Torque to Gold: KGC / Kinross    
+ Growth & value: EDV / Endeavour Mining   
+ Large cap Royalty: WPM / Wheaton Precious Metals    
+ Mid-tied Royalty:  OGR / Osisko Gold Royalties    
+ Small Cap: ARIS.t / Aris Mining

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# sym.    Price Target  NAV : Pr/N   Pr/CF FCFsust.Marg 
1 SSL    C$6.28 $9.25 $8.15: 0.77x 12.4x 57% 
2 RGLD  112.75 144.0: 78.30 1.44x 14.0x, 69% 
3 TFPM C$18.4 21.00: 10.73: 1.27x 16.5x, 76%  
7 FNV    C155.2 162.0: 74.62: 2.08x 26.5x 72% 

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  TFPM: $13.56; Range:  11.75 to 17.33

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"You'll see a material increase in Gold & Silver"

- Triple Flag Precious Metals key asset ramps up.

 

In early March Usmar spoke to Kitco Mining at PDAC 2024 in Toronto, Canada.

Usmar was asked about the underappreciated copper markets. He said that the incentive price needs to be higher for serious investment to flow into the space, but management teams that are willing to work through downturns are key.

"[People] continue to underestimate the need for staying power and the time it takes from successful exploration in order to actually deliver first pounds of copper out of any investment opportunity," said Usmar.

Triple Flag Precious Metals (TSX:TFPM) is a precious metals-focused, royalty and streaming company. The company has a portfolio of 32 producing assets and 41 in development. Usmar said the company has achieved a compound annual growth rate of more than 20% since 2017, and the company now sits at a $2.6 billion market cap.

Triple Flag is forecasting an attributable royalty revenue and stream sales of 105,000 to 115,000 gold equivalent ounces in 2024.

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GROY in upwards thrust, last $1.90/UGL-68.66=2.77%

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Interview with GROY's CEO, David Garofalo:  

"The Golden Secret". 

 

33,488 views Mar 23, 2024 

"Gold isn't a commodity". Grant Williams sits down with CEO of Gold Royalty Corp (NYSE: GROY) to spill the beans on what's really going on in the gold market.

 

GROY NEWS came  out, Stock Fell over 0.10 - 3.27.24?

GROY just reported results for the first quarter of 2024.

  • Gold Royalty reported earnings per share of 1 cent. This was above the analyst estimate for EPS of -1 cent.
  • The company reported revenue of $1.02 million.
  • This was 46.53% worse than the analyst estimate for revenue of $1.90 million
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Metalla merged with Nova, which was accretive to NAV

MTA: 20172019: 2022: Ytd: $3.11, pe: na, Y: na

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2017:

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Rising COST-of-Capital made it almost impossible to Grow

"There's nothing out there, as remotely attractive as our stock".. "We have 5 producing assets"

Metalla Royalty (TSXV:MTA) - A Growing Precious Metals and Copper Royalty Co

COMMENT 

Like most all royalty coys of this size, the coy wholly ignores costs in its quarterly reporting - page after page on revenue, zero on why the coy makes massive losses (relative to revenue) each quarter. Mainly G&A, of course. Have never understood why G&A is so high in royalty coys - insane remuneration (and marketing) costs for basically doing an office job. Says the coy is massively undervalued - not if you want your investment to see actual profit. Jam tomorrow for investors; cavier today for management.
 
Look at Sandstorms Sales/Revenue & Total Assets... their SG&A is around 6-7M per quarter... now look at these guys with literally 1/60th the sales/revenues and 7% the total assets as Sandstorm with a consistent SG&A of 2M per quarter. Why i'm picking on this figure is that it kills their net income bottom line. It's a royalty company for heavens sake!
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EMX / EMX Royalties: $1.72 > update: $1.90 PE: na, Y: na, (R: 1.41 to 2.20 ), 

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February 29, 2024. EMX Royalty Announces Record Preliminary Revenue for Year End 2023 ...
6 days ago  InvestorPlace - Stock Market News, Stock Advice & Trading Tips EMX Royalty (NYSEMKT:EMX) just reported results for the fourth quarter of ...

Strong Revenue Growth

  • Adjusted revenue and other income1 increased by 46% in 2023
  • Adjusted royalty revenue increased by 119% in 2023

Development of Flagship Assets

  • Significant investment by Zijin Mining Group at Timok through continued development of upper and lower zones

Sufficient and Available Capital

  • Strong and consistent operating cash flows enabled the early repayment of $10,000,000 of debt

Continued Optionality with Generative Business

  • Generated $5,462,000 in revenue and other income
  • Entered into 20 new partnerships agreements in 2023
  • Over $39,000,000 in partnership expenditures in 2023
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ROY: At $5.43, SAND could be the Top ROY pick of early MAY, at 7.1% of UGL ($76.70)

ROY: Sand: $5.43, 7.1%; Tfpm: $16.32, 21.3%; Rgld: 122.3, 159%; FNV: 123.3, 161% /UGL $76.7 @5.3.24

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SAND ($5.43) to TFPM.to (C$22.28): R-24.4%.  SAND ($5.43) to TFPM ($16.32): R-33.3%

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==

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TFPM : $15.29 -0.17 LOD: 15.01 / C$21.18: ->C$28, is +32% gain. (Target= US$20)

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Triple Flag Precious Metals Names New CEO

Jul. 23, 2024 at 7:07 a.m. ET on TipRanks.com

Triple Flag names Sheldon Vanderkooy as CEO, succeeding Shaun Usmar

Jul. 23, 2024 at 6:51 a.m. ET on TipRanks.com
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EGO or TFPM: Which Is the Better Value Stock Right Now? > Jul.16, 2024

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The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.

EGO currently has a forward P/E ratio of 15.18, while TFPM has a forward P/E of 31.99. We also note that EGO has a PEG ratio of 0.30. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. TFPM currently has a PEG ratio of 0.95.

Another notable valuation metric for EGO is its P/B ratio of 0.95. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, TFPM has a P/B of 1.78.

These metrics, and several others, help EGO earn a Value grade of B, while TFPM has been given a Value grade of D.

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MTA ($3.52) / SAND ($5.90= 59.7%), FNV ($123.85, 21.0x),  GROY ($1.40, 23.7%)

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MTA / Metalla Royalties: Last: $3.52, n/a% Yield - new President invests $1M (July 24th)

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MTA (3.52/ 6.93= -49%,ye'21), EMX (1.91 / 2.27= -16%), GROY (1.40 / 4.92= -72%) 

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Video

 

VANCOUVER, BC, July 24, 2024 /CNW/ - Metalla Royalty & Streaming Ltd. ("Metalla") or ("Company") (NYSE American: MTA) (TSXV: MTA) is pleased to announce the appointment of Jason Cho as President of the Company, effective immediately. 

Metalla Royalty Logo (CNW Group/Metalla Royalty & Streaming Ltd.)

Brett Heath, Chief Executive Officer of Metalla, stated, "The Board is pleased to have someone of Jason's caliber joining the team. As a highly respected mining professional with 25 years of sector expertise, Mr. Cho adds meaningful capital markets, technical, finance, and strategic expertise. Throughout his extensive career, he has shown a commitment to shareholder value, and will be aligned through a significant personal equity investment into the Company. Jason's strong industry relationships will be instrumental in continuing Metalla's growth going forward."

Mr. Cho commented, "I am enthusiastic to partner with Brett and the Metalla team at such a pivotal time as the Company advances its path towards building a leading royalty company and more fully realizes value within its existing portfolio of high quality assets."

ABOUT JASON CHO

Mr. Cho is an accomplished mining executive with over 25 years of broad based experience in engineering, corporate finance, portfolio management and corporate development focused on the mining and materials sector.  He most recently held the position of Executive Vice President, Strategy & Corporate Development with Eldorado Gold from 2013 to 2023 and led over $4 billion in M&A; various equity, debt and project financings; and restructuring. He previously spent over fifteen years in investment banking and institutional sales & trading (Merrill Lynch, UBS Securities), proprietary trading (TD Securities), and engineering (AMEC) focused on natural resources. Mr. Cho holds a Bachelor of Applied Science in Geological Engineering from the University of British Columbia and a Masters of Business Administration from the University of Toronto and is a professional engineer and professional geoscientist (BC and ON).

JASON CHO PRIVATE PLACEMENT

Concurrent with his appointment as President, the Company is also pleased to announce a C$1.0 million equity investment by Mr. Cho into the Company, for the acquisition of 250,000 common shares of Metalla (the "Shares") at a price of C$4.00 per Share by way of private placement (the "Placement"). The closing of the Placement is subject to the receipt of approvals of the TSX Venture Exchange and the NYSE American LLC. The proceeds of the Placement will be used for general working capital purposes. The Shares will be subject to a statutory hold period of four months and a day from issuance, in accordance with applicable Canadian securities laws.

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