Royal Gold Inc. Stock Price Surpasses Analyst Target Amid Mixed Ratings
Recently, shares of Royal Gold Inc. (Symbol: RGLD) surged past the average analyst 12-month target price of $179.78, currently trading at $181.80 per share. When a stock achieves a target set by analysts, they typically face two options: either downgrade their rating based on valuation or reassess and raise their target price. The decision often hinges on recent business developments that could be influencing the stock’s upward movement. If the company shows positive signs, analysts may lean toward adjusting their target price higher.
Royal Gold Inc. is covered by nine analysts within the Zacks investment research framework, contributing to the average target price. However, the average serves as just that—a computational average. While some analysts have lower price targets, like one forecasting a price of $164.00, others are optimistic, with one target as high as $200.00. The calculated standard deviation among these targets is $13.809, indicating some variation in analysts’ perspectives.
Investors often refer to the average price target for insights into market sentiment. This “wisdom of crowds” approach amalgamates views from various analysts, offering a broader context than any single analyst’s opinion. With RGLD trading over the average target price of $179.78 per share, investors are prompted to evaluate the company’s current standing. They must decide whether the price of $179.78 is merely a milestone on the path to higher valuations or if it signals a peak that warrants consideration for profit-taking.
| Recent RGLD Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 4 | 4 | 4 | 4 |
| Buy ratings: | 2 | 2 | 2 | 2 |
| Hold ratings: | 2 | 2 | 2 | 2 |
| Sell ratings: | 1 | 1 | 1 | 1 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.0 | 2.0 | 2.0 | 2.0 |
The average rating in the table above uses a scale from 1 to 5, where 1 is a Strong Buy and 5 is a Strong Sell. This analysis utilized data provided by Zacks Investment Research through Quandl.com. For more in-depth insights, access the latest Zacks research report on RGLD—available free of charge.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
