BMO Capital reinstated coverage of Royal Gold (RGLD) with a Market Perform rating and $196 price target Royal has outpaced peers in building up its streaming and royalty portfolio and the firm believes the strong recent growth has positioned the company to benefit near-term from the ramp-up of assets such as Pueblo Viejo, Goldrush, and Khoemacau, the analyst tells investors. However, Royal has the lowest forward-looking growth in the analyst’s coverage, BMO also noted.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RGLD:
- Royal Gold upgraded to Outperform from Sector Perform at Scotiabank
- Royal Gold price target raised to $164 from $139 at BofA
- Royal Gold price target raised to $200 from $181 at Raymond James
- Royal Gold price target lowered to $170 from $175 at RBC Capital
- Investors Rush to ‘Safe Haven’: Jefferies Selects 2 Top Gold Stocks to Buy