Cantor Fitzgerald analyst Mike Kozak downgraded Royal Gold to Hold from Buy with a price target of $145, up from $140. The firm’s new target and rating incorporates the company’s 2023 guidance and rolling forward to the firm’s 2024 estimates, says the analyst, who adds that 2023 sales guidance of 320-345 kGEO "underwhelmed."
Published first on TheFly
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