Royalty Management initiated with an Outperform at William Blair

William Blair initiated coverage of Royalty Management (RMCO) with an Outperform rating and no price target The company acquires and assembles assets around resources, technology development, and cryptocurrency data centers, the analyst tells investors in a research note. The firm believes Royalty has “ample under-the-radar assets.” The company has two or more near-term businesses could provide five-fold revenue upside, the analyst tells investors in a research note.