TD Cowen raised the firm’s price target on Royal Gold (RGLD) to $263 from $261 and keeps a Buy rating on the shares. The firm said the company is positioned to outperform as the company benefits from two transformative deals that will drive increased scale and cash flows, accelerating future growth; a more robust long-term growth outlook; improved portfolio diversity and reduced single asset concentration; and additional potential catalysts across the investment time horizon.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RGLD: