Wall Street is positive on Royal Gold, Inc (RGLD). On average, analysts give RGLD a Buy rating. The average price target is $140.116, which means analysts expect the stock to increase by 34.58% over the next twelve months.
That average ranking earns RGLD an Analyst Rating of 14, which is better than 14% of stocks based on data compiled by InvestorsObserver.
Wall Street analysts are rating RGLD a Buy today. Find out what this means to you and get the rest of the rankings on RGLD!
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What's Happening With Royal Gold, Inc Stock Today?
Royal Gold, Inc (RGLD) stock is trading at $104.11 as of 10:58 AM on Wednesday, Nov 10, a decline of -$0.13, or -0.19% from the previous closing price of $104.24. Volume today is less active than usual. So far 195,727 shares have traded compared to average volume of 428,718 shares. The stock has traded between $104.04 and $107.82 so far today.
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