Royal Gold price target raised to $170 from $168 at BMO Capital

BMO Capital analyst Jackie Przybylowski raised the firm’s price target on Royal Gold to $170 from $168 and keeps an Outperform rating on the shares. The firm is raising its FY24 EPS view by 13c to $5.03 to reflect actual disclosed stream sales volumes, which were better than expectations and the Visible Alpha consensus, the analyst tells investors in a research note. BMO adds however that the company’s recent successes, along with other near-term catalysts, are largely reflected in the current Royal Gold share price.