Barclays Maintains Equal-Weight Rating for Royal Gold: Here's What You Need To Know

Barclays has decided to maintain its Equal-Weight rating of Royal Gold RGLD and raise its price target from $113.00 to $119.00.

Shares of Royal Gold are trading up 0.13% over the last 24 hours, at $128.32 per share.

A move to $119.00 would account for a 7.27% decrease from the current share price.

About Royal Gold

Royal Gold Inc enquires and manages precious metal royalties and streams, with a focus on gold. The company operates by purchasing a percentage of the metal produced from a mineral property for an initial payment, without assuming responsibility of mining operations. Similarly, precious metal streams are purchase agreements with mine operators providing the right to purchase all or a portion of one or more metals produced from a mine, in exchange for an upfront deposit payment. Generally Royal Gold does not conduct any work on the properties in which it holds royalty and streaming assets. The company owns a portfolio of producing, development, evaluation, and exploration royalties and streams, and the majority of group revenue is generated from Canada, Mexico, Chile, and the United States.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.