BofA lowered the firm’s price target on Royal Gold (RGLD) to $256 from $265 and keeps an Underperform rating on the shares. The firm updated its model for Royal Gold on the back of the back of new three year guidance, Q4 results, and updated year-end 2025 reserves and resources from Barrick Mining (B), the analyst noted. The firm thinks the current valuation “overly opimistically” reflects Royal Gold’s growth and asset quality, the analyst added.
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