Scotiabank analyst Tanya Jakusconek upgraded Royal Gold (RGLD) to Outperform from Sector Perform with a price target of $189, up from $166. The firm upgraded the shares after increasing its gold price forecast to $3,000, $2,800, and $2,500 for 2025, 2026, and 2027 respectively. It believes there is less risk in the streamers than operators if tariffs are implemented. Owning the streamers is a more defensive stance in this current gold market, the analyst tells investors in a research note.
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Read More on RGLD:
- 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
- Royal Gold Announces New Executive Agreements for Stability
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