Fintel reports that on January 7, 2025, Jefferies upgraded their outlook for Royal Gold (NasdaqGS:RGLD) from Hold to Buy.
Analyst Price Forecast Suggests 31.03% Upside
As of December 22, 2024, the average one-year price target for Royal Gold is $173.68/share. The forecasts range from a low of $141.40 to a high of $195.30. The average price target represents an increase of 31.03% from its latest reported closing price of $132.55 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Royal Gold is 670MM, an increase of 1.10%. The projected annual non-GAAP EPS is 4.21.
What is the Fund Sentiment?
There are 918 funds or institutions reporting positions in Royal Gold. This is an increase of 49 owner(s) or 5.64% in the last quarter. Average portfolio weight of all funds dedicated to RGLD is 0.27%, an increase of 4.52%. Total shares owned by institutions increased in the last three months by 0.13% to 73,879K shares. 
The put/call ratio of RGLD is 0.65, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital World Investors holds 8,736K shares representing 13.29% ownership of the company. In its prior filing, the firm reported owning 8,708K shares , representing an increase of 0.32%. The firm increased its portfolio allocation in RGLD by 6.92% over the last quarter.
ABALX - AMERICAN BALANCED FUND holds 4,270K shares representing 6.49% ownership of the company. No change in the last quarter.
Van Eck Associates holds 3,638K shares representing 5.53% ownership of the company. In its prior filing, the firm reported owning 3,598K shares , representing an increase of 1.08%. The firm increased its portfolio allocation in RGLD by 8.06% over the last quarter.
First Eagle Investment Management holds 3,569K shares representing 5.43% ownership of the company. In its prior filing, the firm reported owning 3,585K shares , representing a decrease of 0.44%. The firm increased its portfolio allocation in RGLD by 1.33% over the last quarter.
GDX - VanEck Vectors Gold Miners ETF holds 3,009K shares representing 4.58% ownership of the company. In its prior filing, the firm reported owning 3,002K shares , representing an increase of 0.21%. The firm decreased its portfolio allocation in RGLD by 3.26% over the last quarter.
Royal Gold Background Information
(This description is provided by the company.)
Royal Gold Inc. provides investors exposure to precious metals without many of the risks of investing in traditional precious metal producers.
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This story originally appeared on Fintel.
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