Bank of America Securities Reaffirms Their Sell Rating on Royal Gold (RGLD)

In a report released today, Lawson Winder from Bank of America Securities maintained a Sell rating on Royal Gold, with a price target of $256.00.

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Winder covers the Basic Materials sector, focusing on stocks such as Pan American Silver, Newmont Mining, and Eldorado Gold. According to TipRanks, Winder has an average return of 23.0% and a 60.90% success rate on recommended stocks.

Royal Gold has an analyst consensus of Moderate Buy, with a price target consensus of $303.71.

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 33 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. Earlier this month, William M. Hayes, a Director at RGLD sold 4,173.00 shares for a total of $1,156,213.11.