Royal Gold (RGLD) Gets a Buy from RBC Capital

RBC Capital analyst Josh Wolfson maintained a Buy rating on Royal Gold (RGLDResearch Report) on August 15 and set a price target of $150.00. The company’s shares closed yesterday at $101.67.

According to TipRanks, Wolfson is an analyst with an average return of -2.7% and a 42.21% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Newmont Mining, Gold Fields, and Kinross Gold.

In addition to RBC Capital, Royal Gold also received a Buy from Raymond James’s Brian MacArthur in a report issued on August 5. However, on August 4, BMO Capital maintained a Hold rating on Royal Gold (NASDAQ: RGLD).

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RGLD market cap is currently $6.62B and has a P/E ratio of 24.30.

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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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