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.
皇家黄金公司（纳斯达克股票代码：RGLD）宣布了第二季度股息。
Following the slight underperformance of the stock, its valuation appears "more compelling," given the latest commodity price assumptions, according to BMO Capital Markets.
根据BMO Capital Markets的数据，鉴于最新的大宗商品价格假设，该股表现略显不佳，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.
皇家黄金分析师：BMO Capital的杰基·普日比洛夫斯基将这家总部位于丹佛的公司的评级从市场表现上调至跑赢大盘，同时将目标股价从148美元上调至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.
皇家黄金论点：普日比洛夫斯基在升级说明中表示，该行业有望受益于 “在今年之前达成有意义的新直播和特许权使用费协议的积极环境”。
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.
分析师表示，皇家金业已采用创新的解决方案来保护其自身和矿山运营商的资产价值。他补充说，公司 “通过增加长期资产（包括Barrick/Newmont Cortez特许权使用费）” 不断改善资产质量的努力，以及2024年2月宣布的米利根山新协议，都证明了这一点。
"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.
普日比洛夫斯基写道：“特许权使用费和流媒体模式可能具有吸引力，因为规模最大、资金最充足的公司可能会在2024年看到实质性新增长的机会。”
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.
他补充说，尽管增长保持温和，但 “这种情况可能会在全年内发生变化”，有机会进行更多和更大规模的交易，“包括并购（可能包括剥离纽蒙特资产）、大宗商品价格高企推动的有机增长以及资产负债表的修复。”
RGLD Price Action: Shares of Royal Gold had risen by 6.24% to $116.93 at the time of publication on Wednesday.
RGLD价格走势：周三发布时，皇家黄金股价上涨6.24％，至116.93美元。
Check out other analyst stock ratings.
查看其他分析师股票评级。