Royal Gold (RGLD) Receives a Sell from Bank of America Securities

In a report released yesterday, Lawson Winder from Bank of America Securities maintained a Sell rating on Royal Gold, with a price target of $277.00.

Claim 30% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

According to TipRanks, Winder is a 5-star analyst with an average return of 17.7% and a 58.19% success rate. Winder covers the Basic Materials sector, focusing on stocks such as Newmont Mining, Royal Gold, and Franco-Nevada.

Royal Gold has an analyst consensus of Moderate Buy, with a price target consensus of $327.17.

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. Earlier this month, Mark Isto, a Director at RGLD sold 2,000.00 shares for a total of $549,660.00.