Raymond James raised the firm’s price target on Royal Gold (RGLD) to $257 from $204 and keeps an Outperform rating on the shares following the closing of the Sandstorm Gold and Horizon Copper acquisitions. The firm updated the company’s model to reflect the deals and recent commodity prices.
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Read More on RGLD:
- Royal Gold’s Strategic Acquisitions and Growth Potential Drive Buy Rating
- Royal Gold upgraded to Outperform from Market Perform at BMO Capital
- Sandstorm Gold completes arrangement with Royal Gold
- Royal Gold price target raised to $203 from $193 at BofA
- Sandstorm Gold receives court approval for arrangement with Royal Gold