Scotiabank analyst Tanya Jakusconek maintained a Hold rating on Royal Gold (RGLD – Research Report) today and set a price target of $144.00. The company’s shares closed yesterday at $123.41.
Jakusconek covers the Basic Materials sector, focusing on stocks such as Barrick Gold, Compania de Minas Buenaventura SAA, and Royal Gold. According to TipRanks, Jakusconek has an average return of -3.0% and a 50.98% success rate on recommended stocks.
Royal Gold has an analyst consensus of Moderate Buy, with a price target consensus of $139.00.
RGLD market cap is currently $8.11B and has a P/E ratio of 33.88.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RGLD in relation to earlier this year.
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Royal Gold (RGLD) Company Description:
Royal Gold, Inc. engages in the acquisition and management of metal streams, royalties, and similar interests. It operates through the following segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. The Acquisition and Management of Stream Interests segment involves in the purchase agreement that provides, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals. The Acquisition and Management of Royalty Interests segment focuses on the non-operating interests in mining projects that provide the revenue or metals produced from the project. The company was founded on January 5, 1981 and is headquartered in Denver, CO.
