Cantor Fitzgerald analyst Mike Kozak upgraded Royal Gold (RGLD) to Buy from Hold with a price target of $162, up from $140, after the company reported “a clean beat” with Q3 results. The firm is increasing its blended target multiple, tracking the recent multiple expansion of the precious metals royalty/streaming peer group, the analyst noted.
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Read More on RGLD:
- Royal Gold reports Q3 adjusted EPS $1.47, consensus $1.32
- Royal Gold sees 2024 gold sales of 215,000-230,000 oz
- RGLD Upcoming Earnings Report: What to Expect?
- Royal Gold Files Key SEC Report, Affirms Market Presence
- Royal Gold price target raised to $154 from $141 at Jefferies
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