Royal Gold price target raised to $237 from $229 at TD Securities

TD Securities raised the firm’s price target on Royal Gold (RGLD) to $237 from $229 and keeps a Buy rating on the shares. The firm believes Royal Gold is in much stronger position to compete against its larger peers following three significant transactions in the past three months. TD expects the company to benefit from increased cash flows to fund future deals and a “more robust” long-term growth outlook.