Royal Gold price target raised to $135 from $134 at BMO Capital

BMO Capital analyst Jackie Przybylowski raised the firm’s price target on Royal Gold to $135 from $134 and keeps a Market Perform rating on the shares. The company’s gold sales volumes were better than expected while its cost of sales was a modest positive relative to his expectations on its stream business, the analyst tells investors in a research note. Przybylowski adds however that Royal Gold’s near term catalysts and recent successes are already reflected in the share price.