Gold Royalty Corp (NYSEAMERICAN:GROY) is one of the explosive mining penny stocks to watch in 2026. Gold Royalty (GROY) stock has gained more than 140% over the past year, and analysts see it rising by more than 60% more over the next 12 months.

On May 7, H.C. Wainwright raised its price target on Gold Royalty Corp (NYSEAMERICAN:GROY) to $7.75 from $6.75 while keeping a Buy rating on the stock. The firm revised its target for the stock after Gold Royalty reported record revenue for Q1 2026 and reiterated its full-year 2026 outlook. According to H.C. Wainwright analyst Heiko Ihle, Gold Royalty’s production profile provides a solid basis for a premium…