Royal Gold price target raised to $139 from $138 at BMO Capital

BMO Capital raised the firm’s price target on Royal Gold to $139 from $138 but keeps a Market Perform rating on the shares. The company’s Q2 gold sales beat the firm’s estimates in terms of volumes and material sold for gold, silver, and overall gold equivalent ounces, the analyst tells investors in a research note. The firm adds however that Royal Gold’s recent successes, along with other near-term catalysts, are largely reflected in the current share price.