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A statement released earlier today by Zacks Investment Research about Royal Gold, Inc (USA) (NASDAQ:RGLD) bumps the target price to $84.00

Just yesterday Royal Gold, Inc (USA) (NASDAQ:RGLD) traded -0.54% lower at $75.02. Royal Gold, Inc (USA)’s 50-day moving average is $88.77 and its 200-day moving average is $77.75. The last stock price is down 15.37% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 710,982 shares of RGLD traded hands, up from an average trading volume of 523,505

Zacks Investment Research raised the target price of Royal Gold, Inc (USA) (NASDAQ:RGLD) to $84.00 reporting a possible upside of 0.12%.

Recent Performance Chart

Royal Gold, Inc (USA) (NASDAQ:RGLD)

Royal Gold, Inc (USA) has 52 week low of $60.21 and a 52 week high of $94.39 with a PE ratio of 57.87 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 13 brokerages have issued a ratings update on the company. The average stock price target is $69.77 with 3 brokerages rating the stock a strong buy, 3 brokerages rating the stock a buy, 8 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Royal Gold, Inc (USA) (NASDAQ:RGLD)

Royal Gold, Inc., together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other. As of June 30, 2016, the Company owned stream interests on four producing properties and three development-stage properties. It has investments in stream interests relating to Pueblo Viejo, Andacollo, Wassa and Prestea, and Rainy River. As of June 30, 2016, the Company owned royalty interests on 34 producing properties, 21 development-stage properties and 131 exploration-stage properties, of which it considered 50 to be evaluation-stage projects.

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