CIBC raised the firm’s price target on Royal Gold (RGLD) to $250 from $225 and keeps a Neutral rating on the shares. CIBC upped price targets in the sector to reflect its higher gold price forecasts. It now sees $4,500 per ounce in in 2026 and 2027. CIBC also upped its silver forecasts to $55 per ounce in 2026 and 2027. Given the recent run in gold price and corresponding stock outperformance year-to-date, “some of these revisions are a catch-up,” the analyst tells investors in a research note.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RGLD:
- Royal Gold’s Stockholders Approve Key Acquisitions
- Sandstorm Gold shareholders approve plan of arrangement with Royal Gold
- December Gold tops $4,000 per ounce, Goldminers higher
- Royal Gold Secures Approvals for Strategic Acquisitions
- Goldminers advance in pre-market as Gold futures top $3,850 per ounce