BMO Capital analyst Matthew Murphy raised the firm’s price target on Royal Gold (RGLD) to $197 from $196 and keeps a Market Perform rating on the shares. The $200M stream and royalty to help fund Warintza to a final investment decision, anticipated in late 2026, is a decent deal for the company, the analyst tells investors in a research note. Warintza remains an early-stage project but the royalty scales with timeline delays, BMO notes, adding the stream to its model.
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