Royal Gold's Growth Remains 'Modest,' Says Bullish Analyst: 'This Could Change'
Royal Gold's Growth Remains 'Modest,' Says Bullish Analyst: 'This Could Change'
Royal Gold Inc (NASDAQ:RGLD) announced its second-quarter dividend.
皇家黃金公司（納斯達克股票代碼：RGLD）宣佈了第二季度股息。
Following the slight underperformance of the stock, its valuation appears "more compelling," given the latest commodity price assumptions, according to BMO Capital Markets.
根據BMO Capital Markets的數據，鑑於最新的大宗商品價格假設，該股表現略顯不佳，其估值似乎 “更具吸引力”。
The Royal Gold Analyst: BMO Capital's Jackie Przybylowski upgraded the rating for the Denver-based company from Market Perform to Outperform, while raising the price target from $148 to $158.
皇家黃金分析師：BMO Capital的傑基·普日比洛夫斯基將這家總部位於丹佛的公司的評級從市場表現上調至跑贏大盤，同時將目標股價從148美元上調至158美元。
The Royal Gold Thesis: The sector is poised to benefit from "a positive environment for meaningful new stream and royalty deals through this year," Przybylowski said in the upgrade note.
皇家黃金論點：普日比洛夫斯基在升級說明中表示，該行業有望受益於 “在今年之前達成有意義的新直播和特許權使用費協議的積極環境”。
Royal Gold has adopted creative solutions to protect asset value, both for itself and the mine operator, the analyst stated. This is demonstrated by the company's efforts to continuously improve asset quality "through the addition of long-lived assets (including the Barrick/Newmont Cortez royalty)" and the new Mt Milligan agreement announced in February 2024, he added.
分析師表示，皇家金業已採用創新的解決方案來保護其自身和礦山運營商的資產價值。他補充說，公司 “通過增加長期資產（包括Barrick/Newmont Cortez特許權使用費）” 不斷改善資產質量的努力，以及2024年2月宣佈的米利根山新協議，都證明了這一點。
"The royalty and streaming model could be appealing as the largest and most well-funded companies could see opportunities for material new growth in 2024," Przybylowski wrote.
普日比洛夫斯基寫道：“特許權使用費和流媒體模式可能具有吸引力，因爲規模最大、資金最充足的公司可能會在2024年看到實質性新增長的機會。”
Although growth has remained modest, "this could change through the year," with opportunities for more and larger transactions, "including M&A (likely including divestments of Newmont assets), organic growth fueled by high commodity prices, and balance sheet repair," he added.
他補充說，儘管增長保持溫和，但 “這種情況可能會在全年內發生變化”，有機會進行更多和更大規模的交易，“包括併購（可能包括剝離紐蒙特資產）、大宗商品價格高企推動的有機增長以及資產負債表的修復。”
RGLD Price Action: Shares of Royal Gold had risen by 6.24% to $116.93 at the time of publication on Wednesday.
RGLD價格走勢：週三發佈時，皇家黃金股價上漲6.24％，至116.93美元。
Check out other analyst stock ratings.
查看其他分析師股票評級。