Analysis: Royal Gold Inc (TSE:RGL) Target Change Today
In a recent research report revealed by RBC Capital Markets on Tuesday, 1 December, the firm, Royal Gold Inc (TSE:RGL), had their target price per share cut to $75.00. Analusts right now have a solid “Outperform” rating on the stock.
Approximately 1,750 shares of stock traded hands. Royal Gold, Inc. (TSE:RGL) has declined 38.24% since April 28, 2015 and is downtrending. It has underperformed by 36.62% the S&P500.
Royal Gold, Inc. , together with its subsidiaries, is engaged in the business of acquiring and managing precious metals royalties, metal streams and similar interests. The company has a market cap of $3.15 billion. The Firm operates through two business divisions: acquisition and management of royalty interests and acquisition and management of stream interests. It currently has negative earnings. 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.