TD Cowen Initiates Coverage on Gold Royalty and Versamet Royalties With 'Buy' Ratings
Gold Royalty (GROY) and Versamet Royalties (VMET) both saw positive stock movements following TD Cowen's initiation of coverage with Buy ratings. The firm expects strong near-term organic growth for both companies, which it believes will significantly boost their EBITDA performance. The move by TD Cowen has contributed to a 3.3% rise in Gold Royalty and a 1.1% increase in Versamet Royalties on Thursday trading sessions. Analysts at the firm are optimistic about the growth potential of both companies, citing favorable market conditions and operational momentum.
Topics: buy rating EBITDA organic growth stock coverage