Royal Gold price target lowered to $181 from $188 at Raymond James

Raymond James lowered the firm’s price target on Royal Gold (RGLD) to $181 from $188 and keeps an Outperform rating on the shares. The firm updated the company’s model to reflect its 2025 guidance. The analyst says Royal Gold has diversified asset base in lower-risk jurisdictions, in addition to a flexible balance sheet to support future investments and a growing dividend.