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Enter Symbol:
 
Royal Gold, Inc. (RGLD) [hlAlert]

Rating:
Overweight
RGLD
down 11.76 %

Royal Gold, Inc. (RGLD) rated Overweight with price target $76.50 by HSBC Securities

Posted on: Monday,  Apr 29, 2013  8:25 AM ET by HSBC Securities

HSBC Securities rated Overweight Royal Gold, Inc. (NASDAQ: RGLD) on 04/29/2013, when the stock price was $54.42. Since
then, Royal Gold, Inc. has lost 11.76% as of 01/27/2016's recent price of $48.02.
If you would have followed this HSBC Securities's recommendation on RGLD, you would have lost 11.76% of your investment in 1003 days.

Royal Gold, Inc. (Royal Gold), together with its subsidiaries, is engaged in the business of acquiring and managing precious metals royalties. The Company focuses to acquire existing royalties or to finance projects that are in production or in development stage in exchange for royalty interests. During the fiscal year ended June 30, 2009 (fiscal 2009), the Company received royalty revenue from 23 producing properties. In addition, it owns royalty interests on 10 development-stage properties and over 80 exploration-stage properties, of which the Company considers 25 to be evaluation-stage projects. Royal Gold does not conduct mining operations. On October 1, 2008, the Company completed the acquisition of 72 royalties from Barrick Gold Corporation (Barrick), including a restructuring of the Company?s gross smelter return 2 (GSR2), GSR3 and net value royalty 1 (NVR1) royalties.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/29/2013 8:25 AM Buy
None
54.42 76.50
as of 12/13/2013
1 Week up  2.65 %
1 Month down  -4.68 %
3 Months down  -12.64 %
1 YTD down  -44.29 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/25/2011 8:25 AM Buy
None
68.31 89.00
9/16/2011 8:25 AM Hold
None
79.65 89.00
4/9/2009 8:25 AM Hold
None
37.00 45.00
1/26/2009 9:25 AM Sell
None
47.24
9/19/2008 8:25 AM Hold
None
38.80
12/18/2007 8:25 AM Buy
None
28.21
10/9/2007 9:25 AM Hold
None
33.64

(*) Stock Price at the time of the recommendation.
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