Brokerage Firm Rating Update on Royal Gold (RGLD)

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 3, which recommends a Hold 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.

Royal Gold (RGLD) : The highest level Royal Gold (RGLD) is projected to reach is $99 for the short term and the lowest estimate is at $53. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $86.14 and the possibility the share price can swing is $16.11.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of Royal Gold (NASDAQ:RGLD). Barclays has a Overweight rating on the shares. As per the latest research report, the brokerage house raises the price target to $99 per share from a prior target of $62. The rating by the firm was issued on August 8, 2016.

Royal Gold (NASDAQ:RGLD): stock was range-bound between the intraday low of $80.35 and the intraday high of $82.66 after having opened at $82.49 on Wednesdays session. The stock finally closed in the red at $82.49, a loss of -0.38%. The stock remained in the red for the whole trading day. The total traded volume was 597,565 shares. The stock failed to cross $82.66 in Wednesdays trading. The stocks closing price on Thursday was $82.49.

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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