Bank of America Securities Sticks to Its Sell Rating for Royal Gold (RGLD)

Bank of America Securities analyst Lawson Winder maintained a Sell rating on Royal Gold today and set a price target of $265.00.

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Winder covers the Basic Materials sector, focusing on stocks such as Pan American Silver, Nucor, and Kinross Gold. According to TipRanks, Winder has an average return of 20.6% and a 60.38% success rate on recommended stocks.

Currently, the analyst consensus on Royal Gold is a Moderate Buy with an average price target of $264.89.

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 31 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.