Unidentified Analyst's questions to Gold Royalty Corp (GROY) leadership • Q2 2024
Question
An unidentified analyst asked why the market is not currently rewarding Gold Royalty's growth prospects with a higher valuation.
Answer
Executive David Garofalo suggested that the current market, particularly for smaller-cap stocks, tends to reward realized results rather than anticipated growth. He expressed confidence that as the company begins to deliver positive free cash flow and earnings growth in the second half of the year, the market will start to value the company on those metrics, leading to a re-rating.