Royal Gold (NASDAQ:RGLD) : 4 brokerage houses believe that Royal Gold (NASDAQ:RGLD) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Royal Gold (NASDAQ:RGLD). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 2.11.
Royal Gold (NASDAQ:RGLD) : The consensus price target for Royal Gold (NASDAQ:RGLD) is $64.63 for the short term with a standard deviation of $8.4. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $75, however, the pessimist price target for the company is $53.
For the current week, the company shares have a recommendation consensus of Buy.
Royal Gold (NASDAQ:RGLD): On Tuesdays trading session , Opening price of the stock was $68.32 with an intraday high of $70.2899. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $68. However, the stock managed to close at $68.89, a loss of 0.38% for the day. On the previous day, the stock had closed at $69.15. The total traded volume of the day was 776,807 shares.
In an insider trading activity,The officer (VP, GC and Corp Secretary) of Royal Gold Inc, Kirchhoff Bruce Christopher sold 3,333 shares at $66.19 on June 22, 2016. The Insider selling transaction had a total value worth of $220,611. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.