Royal Gold price target raised to $215 from $202 at CIBC
CIBC raised the firm’s price target on Royal Gold (RGLD) to $215 from $202 and keeps a Neutral rating on the shares. The firm notes Royal Gold reported Q1/25 earnings of $1.51/share, ahead of its estimate of $1.37/share and consensus of $1.43/share. The financial beat was driven by better-than-expected operational results with 67.6k gold-equivalent ounces reported in the quarter, including 51.2koz gold, better than its expectation of 65k GEOs and consensus of 66k GEOs, with positive variances at