In a report issued on July 25, Josh Wolfson from RBC Capital maintained a Buy rating on Royal Gold (RGLD – Research Report), with a price target of $155.00. The company’s shares closed last Wednesday at $103.73.
According to TipRanks.com, Wolfson is a 1-star analyst with an average return of -3.7% and a 41.3% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Anglogold Ashanti.
Currently, the analyst consensus on Royal Gold is a Moderate Buy with an average price target of $140.80.
Royal Gold’s market cap is currently $6.76B and has a P/E ratio of 23.65.
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Royal Gold, Inc. engages in the acquisition and management of metal streams, royalties, and similar interests. It operates through the following segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. The Acquisition and Management of Stream Interests segment involves in the purchase agreement that provides, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals. The Acquisition and Management of Royalty Interests segment focuses on the non-operating interests in mining projects that provide the revenue or metals produced from the project. The company was founded on January 5, 1981 and is headquartered in Denver, CO.
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