CIBC raised the firm’s price target on Royal Gold (RGLD) to $215 from $202 and keeps a Neutral rating on the shares. The firm notes Royal Gold reported Q1/25 earnings of $1.51/share, ahead of its estimate of $1.37/share and consensus of $1.43/share. The financial beat was driven by better-than-expected operational results with 67.6k gold-equivalent ounces reported in the quarter, including 51.2koz gold, better than its expectation of 65k GEOs and consensus of 66k GEOs, with positive variances at Voisey’s Bay and Penasquito compared to its model.
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