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Fly News Breaks for August 1, 2019
RGLD
Aug 1, 2019 | 16:38 EDT
CIBC analyst Cosmos Chiu downgraded Royal Gold to Neutral from Outperformer with an unchanged price target of $118. The analyst cites valuation for the downgrade with the shares up 36% since the beginning of May.
News For RGLD From the Last 2 Days
RGLD
Mar 27, 2024 | 04:27 EDT
BMO Capital upgraded Royal Gold to Outperform from Market Perform with a price target of $158, up from $148. The stock's valuation is now more compelling under BMO's new commodity price assumptions and with the modest relative underperformance of Royal Gold year-to-date versus Franco-Nevada and Wheaton Precious Metals, the analyst tells investors in a research note. Th firm believes the royalty and streaming sector, including Royal Gold, should benefit from a positive environment for meaningful new stream and royalty deals through this year.