
Royal Gold (RGLD) Stock Forecast & Price Target
Royal Gold (RGLD) Analyst Ratings
Bulls say
Royal Gold Inc. has established a positive outlook due to its strong performance in the environmental, social, and governance (ESG) ratings, indicating improved sustainability practices and enhanced disclosures that align with industry standards. The company's portfolio is continuing to strengthen through the acquisition of long-lived assets, which includes significant agreements such as the Barrick/Newmont Cortez royalty and the innovative Mt Milligan agreement. Furthermore, the royalty and streaming sector is poised for growth, benefiting from favorable conditions for new deals, which positions Royal Gold favorably within this expanding market.
Bears say
Royal Gold Inc. has experienced a notable decline in silver inventory throughout 2023, with reported silver inventory dropping from 512.3koz in March to 269.6koz by September 30. Additionally, silver sales fell short of expectations, achieving 613.7koz compared to estimates of 648.4koz and consensus forecasts of 731.9koz. The reliance on a portfolio of royalties and streams exposes the company to significant risks, including potential disruptions in deliveries and reliance on favorable commodity prices, which could hinder overall financial performance and achievement of company targets.
This aggregate rating is based on analysts' research of Royal Gold and is not a guaranteed prediction by Public.com or investment advice.
Royal Gold (RGLD) Analyst Forecast & Price Prediction
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