Royal Gold price target raised to $124 from $122 at Barclays

Barclays analyst Matthew Murphy raised the firm’s price target on Royal Gold to $124 from $122 and keeps an Equal Weight rating on the shares. The analyst expects most metals and mining companies to have “slightly better” results in Q2, even amid some deterioration of commodity prices. The firm remains more constructive on gold than copper “as economic deceleration continues.”