Canaccord Genuity analyst Carey MacRury maintained a Buy rating on Royal Gold (NASDAQ:RGLD) on Tuesday, setting a price target of $142, which is approximately 27.89% above the present share price of $111.03.
MacRury expects Royal Gold to post earnings per share (EPS) of $0.91 for the first quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Royal Gold, with an average price target of $137.
The analysts price targets range from a high of $150 to a low of $119.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $158.36 million and a net profit of $77.37 million. The company's market cap is $7.28 billion.
According to TipRanks.com, Canaccord Genuity analyst Carey MacRury is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 18.8% and a 61.11% success rate.
Royal Gold, Inc. engages in the acquisition and management of metal streams, royalties, and similar interests. It operates through the following segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. The Acquisition and Management of Stream Interests segment involves in the purchase agreement that provides, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals. The Acquisition and Management of Royalty Interests segment focuses on the non-operating interests in mining projects that provide the revenue or metals produced from the project. The company was founded on January 5, 1981 and is headquartered in Denver, CO.