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Just been digging into some low priced stocks lately and honestly there's been some interesting action in the mining space. Gold Royalty (GROY) caught my eye, especially with how gold's been performing. It's basically a company that finances gold mining operations and takes a cut of the revenue as a royalty. Pretty straightforward business model.
What's wild is how their earnings estimates have been climbing. They're projecting massive growth through 2026 with revenue potentially hitting $39 million and actually turning profitable. The stock's already up like 285% over the past year, which is crazy, but there's supposedly still upside from current levels if you believe the price targets.
I've been looking at a bunch of low priced stocks under $10 and the thing that stands out with GROY is that it's benefiting from this broader gold bull run. Central banks are buying, geopolitical stuff's pushing safe havens, and the dollar weakness is helping too. The mining gold sector is actually ranking pretty well compared to other industries.
Obviously low priced stocks come with more risk than your typical blue chips, so this isn't for everyone. But if you're into the gold trade and looking at lower priced stocks with actual growth potential, this one's worth watching. The technical setup looks interesting too if you're into that kind of thing.
Anyone else been noticing the gold move? Curious what other low priced stocks people are eyeing right now.