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Royal Gold (RGLD) Gets a Buy from RBC Capital

RBC Capital analyst Josh Wolfson maintained a Buy rating on Royal Gold (RGLDResearch Report) on January 16 and set a price target of $140.00. The company’s shares closed yesterday at $122.59.

Wolfson covers the Basic Materials sector, focusing on stocks such as Agnico Eagle, Barrick Gold, and Eldorado Gold. According to TipRanks, Wolfson has an average return of 2.4% and a 56.94% success rate on recommended stocks.

Royal Gold has an analyst consensus of Moderate Buy, with a price target consensus of $127.57, which is a 4.06% upside from current levels. In a report released on January 6, TD Securities also maintained a Buy rating on the stock with a $140.00 price target.

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The company has a one-year high of $146.24 and a one-year low of $83.97. Currently, Royal Gold has an average volume of 466.9K.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RGLD in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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