Royal Gold (RGLD) : Zacks Investment Research ranks Royal Gold (RGLD) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 1.63, which indicates as a Buy.
Royal Gold (RGLD) stock is expected to deviate a maximum of $16.11 from the average target price of $86.14 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $99 and the most muted being $53.
Also, In the latest statement by the brokerage house, Barclays maintains its outlook on Royal Gold (NASDAQ:RGLD). The current rating of the shares is Overweight, according to the research report released by the firm. The brokerage firm raises the price target from $62 per share to $99 per share. The rating by the firm was issued on August 8, 2016.
Royal Gold (NASDAQ:RGLD): After opening at $75.72, the stock dipped to an intraday low of $74.58 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $77.19 and the buying power remained strong till the end. The stock closed at $76.13 for the day, a gain of 0.36% for the day session. The total traded volume was 466,498. The stocks close on the previous trading day was $75.86.
Royal Gold, Inc. (Royal Gold), together with its subsidiaries, is engaged in the business of acquiring and managing precious metals royalties, metal streams and similar interests. The Company operates through two business segments: acquisition and management of royalty interests and acquisition and management of stream interests. As of June 30, 2015, the Company owned stream interests on one producing property and two development-stage properties and owned royalty interests on 36 producing properties, 22 development-stage properties and 135 exploration-stage properties. The Companys principal producing properties include Andacollo, Cortez, Holt, Mount Milligan, Mulatos, Penasquito, Robinson Mine, Voiseys Bay, and Wassa, Bogoso and Prestea. The Companys principal development-stage properties include Pascua-Lama project and Phoenix Gold.