Royal Gold price target raised to $263 from $261 at TD Cowen

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.