New Buy Rating for Royal Gold (RGLD), the Basic Materials Giant
RBC Capital analyst Josh Wolfson maintained a Buy rating on Royal Gold yesterday and set a price target of $375.00.
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Wolfson covers the Basic Materials sector, focusing on stocks such as Royal Gold, Barrick Mining, and Franco-Nevada. According to TipRanks, Wolfson has an average return of 24.7% and a 68.68% success rate on recommended stocks.
In addition to RBC Capital, Royal Gold also received a Buy from UBS’s George Eadie in a report issued yesterday. However, on April 1, Scotiabank maintained a Hold rating on Royal Gold (NASDAQ: RGLD).
Based on Royal Gold’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $375.32 million and a net profit of $93.61 million. In comparison, last year the company earned a revenue of $202.56 million and had a net profit of $107.41 million
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RGLD in relation to earlier this year. Last month, Mark Isto, a Director at RGLD sold 2,000.00 shares for a total of $549,660.00.
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