In a report released yesterday, Brian MacArthur from Raymond James maintained a Buy rating on Royal Gold, with a price target of $264.00.
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Brian MacArthur has given his Buy rating due to a combination of factors that highlight the strengths of Royal Gold’s business model and financial position. The company’s royalty and streaming agreements provide investors with exposure to high-margin metal sales while minimizing risks associated with operating and capital costs. This model allows Royal Gold to benefit from commodity price increases and exploration opportunities.
Additionally, Royal Gold boasts a diversified asset base located in lower-risk regions, which enhances its stability and growth potential. The company’s decision to increase its annual dividend for the 25th consecutive year reflects its strong financial health and commitment to returning value to shareholders. Furthermore, the recent sale of shares in Versamet Royalties Corporation will enable Royal Gold to reduce its debt, further strengthening its balance sheet. These strategic moves and financial metrics underpin MacArthur’s positive outlook on the stock.
In another report released on November 18, TD Cowen also maintained a Buy rating on the stock with a $263.00 price target.
RGLD’s price has also changed slightly for the past six months – from $173.100 to $188.430, which is a 8.86% increase.