Royal Gold (RGLD) Receives a Buy from Raymond James

In a report released today, Brian MacArthur from Raymond James maintained a Buy rating on Royal Gold, with a price target of $310.00.

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According to TipRanks, MacArthur is a top 25 analyst with an average return of 32.2% and a 71.34% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Freeport-McMoRan, Royal Gold, and Newmont Mining.

In a report released yesterday, TipRanks – xAI also initiated coverage with a Buy rating on the stock with a $277.00 price target.

Based on Royal Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $252.07 million and a net profit of $126.82 million. In comparison, last year the company earned a revenue of $192.32 million and had a net profit of $96.24 million

Based on the recent corporate insider activity of 32 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, Ronald Vance, a Director at RGLD sold 300.00 shares for a total of $65,559.00.