Silver Crown Royalties is a rapidly growing silver royalty company already generating cash flow, with a steadily expanding portfolio of increasingly sizable royalties. Its unique position as the only pure-play silver royalty firm on the market offers investors diversified exposure to silver production across multiple operations and jurisdictions. Despite listing only in July 2024, Silver Crown Royalties already holds three producing royalties, is currently working on closing its fourth producing royalty (Kuya Silver), and has one in development that will add significant ounces from 2027. The steady growth of the portfolio so far has validated management’s strategy and approach.
Investment Highlights
- Silver Crown Royalties (“SCRI”, or “Company”) is the only publicly traded, pure-play silver royalty company, rapidly positioning itself as the leading provider of non-dilutive financing. It offers investors a unique and diversified entry point into the silver market.
- Strong and steady revenue growth: Since its listing, the company has posted eight consecutive quarters of revenue growth with a staggering average quarterly growth rate of more than 30%. The trend is expected to continue, resulting in significant revenue growth in the quarters to come.
- Validated strategy: SCRI’s disciplined approach to royalty selection and acquisition has been highly effective. Backed by a seasoned, well-connected team, the company continues to add high-quality, accretive royalties, reinforcing its growth momentum.
- We are maintaining coverage with a BUY rating for the company and a target price of $45.67 per share over 24 months.
This report has been prepared by an analyst on contract with or employed by Couloir Capital Ltd. The analyst certifies that the views expressed in this report, which include the rating assigned to the issuer’s shares as well as the analytical substance and tone of the report, accurately reflect his or her personal views about the subject securities and the issuer. No part of his / her compensation was, is, or will be directly or indirectly related to the specific recommendations. Couloir Capital, its affiliates, and their respective officers, directors, representatives, researchers, and members of their families may hold positions in the companies mentioned in this document and may buy and/ or sell their securities. Additionally, Couloir Capital may have provided, in the past and may provide, in the future, certain advisory or corporate finance services and receive financial and other incentives from issuers as consideration for the provision of such services. Couloir Capital has prepared this document for general information purposes only. This document should not be considered a solicitation to purchase or sell securities or a recommendation to buy or sell securities. The information provided has been derived from sources believed to be accurate, but cannot be guaranteed. This document does not consider the particular investment objectives, financial situations, or needs of individual recipients and other issues (e.g., prohibitions to investments due to law, jurisdiction issues, etc.) that may exist for certain persons. Recipients should rely on their own investigations and take their own professional advice before making an investment. Couloir Capital will not treat recipients of this document as clients by virtue of having viewed this document. Company-specific disclosures, if any, are below: 1 In the last 24 months, Couloir Capital Ltd. has been retained by the subject issuer under a service agreement that includes analyst research coverage. 2 The views of the Analyst are personal. 3 No part of the Analyst’s compensation was directly or indirectly related to the specific ratings as used by the research Analyst in the Reports. 4 The Analyst does not maintain a financial interest in the securities or options of the Company. 5 The principal of Couloir Capital maintains a financial interest in the securities or options of the Company through an affiliated hedge fund entity. 6 The information contained in the Reports is based upon publicly available information that the Analyst believes to be correct but has not independently verified with respect to truth or correctness.
