Royal Gold Q3 Stream Sales Buoy Optimism, Analyst Highlights Exposure To Resource Growth As Key Catalyst
Portfolio Pulse from Nabaparna Bhattacharya
BMO Capital Markets analyst Jackie Przybylowski has reiterated the Market Perform rating on Royal Gold, Inc (NASDAQ:RGLD), raising the price target to $139 from $137. The company's Q3 2023 Stream Segment Sales beat the analyst's estimates in terms of gold, copper, and overall gold equivalent stream ounces sold. The analyst views ongoing debt repayment and exposure to resource growth as key catalysts for the company.
October 11, 2023 | 7:14 pm
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Royal Gold's Q3 2023 Stream Segment Sales beat estimates, leading to a raised price target by BMO Capital Markets analyst. The company's ongoing debt repayment and exposure to resource growth are seen as key catalysts.
The news of Royal Gold's Q3 2023 Stream Segment Sales beating estimates is positive for the company. This, coupled with the analyst's raised price target, indicates a positive outlook for the company's stock. The ongoing debt repayment and exposure to resource growth are also seen as positive factors that could drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100