Royal Gold price target raised to $170 from $167 at Raymond James

Raymond James analyst Brian MacArthur raised the firm’s price target on Royal Gold to $170 from $167 and keeps an Outperform rating on the shares following the Q2 results. Royal Gold’s royalty and streaming business model offers exposure to high-margin metal sales that can be increased with minimal G&A and through royalty and streaming agreements, Royal Gold maintains leverage to commodity prices and exploration optionality, while mitigating downside risk given its limited exposure to operating & capital costs, the analyst tells investors in a research note.