Royal Gold price target raised to $140 from $135 at TD Securities

TD Securities analyst Greg Barnes raised the firm’s price target on Royal Gold to $140 from $135 and keeps a Buy rating on the shares after the company announced the acquisition of additional royalty interest in the Cortez Gold Complex in Nevada from Idaho Mining. Although this appears to be another expensive investment for Royal Gold, Cortez is a "generational-type asset with significant potential for mine-plan optimization, reserves replacement, and exploration," Barnes tells investors in a research note.