BMO Capital analyst Matthew Murphy upgraded Royal Gold (RGLD) to Outperform from Market Perform with a price target of $240, up from $230. The firm is off restriction on Royal Gold following the closure of the Sandstorm and Horizon acquisition. BMO sees the deals as adding growth, diversification, and duration to the Royal Gold portfolio and being accretive to net asset value and medium-term EPS.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RGLD: