Royal Gold upgraded to Buy from Hold at Cantor Fitzgerald
The Fly

Royal Gold upgraded to Buy from Hold at Cantor Fitzgerald

Cantor Fitzgerald analyst Mike Kozak upgraded Royal Gold (RGLD) to Buy from Hold with a price target of $162, up from $140, after the company reported “a clean beat” with Q3 results. The firm is increasing its blended target multiple, tracking the recent multiple expansion of the precious metals royalty/streaming peer group, the analyst noted.

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