RBC Capital analyst Stephen Walker reiterated a Buy rating on Royal Gold (NASDAQ: RGLD) on July 10 and set a price target of $104. The company’s shares closed yesterday at $90.78.
Walker has an average return of 36.0% when recommending Royal Gold.
According to TipRanks.com, Walker is ranked #441 out of 4842 analysts.
Royal Gold has an analyst consensus of Moderate Buy, with a price target consensus of $93.33.
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Based on Royal Gold’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $154 million. In comparison, last year the company had a net profit of $20.02 million.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock.
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Royal Gold, Inc. engages in the acquisition and management of metal streams, royalties, and similar interests. It operates through Acquisition and Management of Stream Interests and Acquisition and Management of Royalty Interests segments.
