Royal Gold (NASDAQ:RGLD) had its price target trimmed by MLV Capital from $80.00 to $70.00 in a research report sent to investors on Friday morning, AnalystRatingsNetwork.com reports. The firm currently has a buy rating on the stock.
A number of other analysts have also recently weighed in on RGLD. Analysts at RBC Capital upgraded shares of Royal Gold from a sector perform rating to an outperform rating in a research note to investors on Friday. They now have a $75.00 price target on the stock, up previously from $71.00. Separately, analysts at Scotiabank cut their price target on shares of Royal Gold from $65.00 to $56.00 in a research note to investors on Monday, July 8th. Finally, analysts at Cowen and Company initiated coverage on shares of Royal Gold in a research note to investors on Monday, July 8th. They set an outperform rating and a $56.55 price target on the stock.
One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $70.01.
Royal Gold (NASDAQ:RGLD) traded down 2.88% on Friday, hitting $56.59. Royal Gold has a 52-week low of $38.63 and a 52-week high of $100.84. The stock’s 50-day moving average is currently $46.43. The company has a market cap of $3.632 billion and a price-to-earnings ratio of 53.46. Royal Gold also saw some unusual options trading on Monday. Stock investors acquired 8,106 put options on the stock, American Banking & Market News reports.This is an increase of approximately 802% compared to the average daily volume of 899 put options.
Royal Gold, Inc (NASDAQ:RGLD) together with its subsidiaries, is engaged in the business of acquiring and managing precious metals royalties and similar interests.
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