Royal Gold price target raised to $170 from $165 at National Bank

National Bank analyst Shane Nagle raised the firm’s price target on Royal Gold to $170 from $165 and keeps an Outperform rating on the shares as part of a broader research note previewing Q2 results among precious metals names. The firm has updated its model with higher gold prices and also increased its 2026-2028 price estimates to reflect the elevated trading ranges over the last 6 months, the analyst tells investors in a research note.