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Royal Gold’s Growth Remains ‘Modest,’ Says Bullish Analyst: ‘This Could Change’

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Royal Gold Inc (NASDAQ: RGLD) announced its second-quarter dividend.

Following the slight underperformance of the stock, its valuation appears “more compelling,” given the latest commodity price assumptions, according to BMO Capital Markets.

The Royal Gold Analyst: BMO Capital’s Jackie Przybylowski upgraded the rating for the Denver-based company from Market Perform to Outperform, while raising the price target from $148 to $158.

The Royal Gold Thesis: The sector is poised to benefit from “a positive environment for meaningful new stream and royalty deals through this year,” Przybylowski said in the upgrade note.

Royal Gold …

Full story available on Benzinga.com

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