Royal Gold (RGLD) Receives Price Target

Royal Gold (RGLD) : The most positive equity analysts on Royal Gold (RGLD) expects the shares to touch $99, whereas, the least positive believes that the stock will trade at $53 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $86.14 with an expected fluctuation of $16.11 from the mean.

Royal Gold (RGLD) : 8 analysts are covering Royal Gold (RGLD) and their average rating on the stock is 1.63, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Royal Gold (RGLD) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Equity analysts at the Brokerage firm Barclays maintains its rating on Royal Gold (NASDAQ:RGLD). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at Barclays 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): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $72.69 and $71.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $76.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $75.78, notching a gain of 3.36% for the day. The total traded volume was 1,081,463 . The stock had closed at $73.32 on the previous day.

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.

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