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

Rating:
Strong Buy
RGLD
up 6.54 %

Royal Gold, Inc. (RGLD) rated Strong Buy with price target $74 by Raymond James

Posted on: Monday,  Dec 2, 2013  9:25 AM ET by Raymond James

Raymond James rated Strong Buy Royal Gold, Inc. (NASDAQ: RGLD) on 12/02/2013, when the stock price was $45.07.
Since then, Royal Gold, Inc. has gained 6.55% as of 01/27/2016's recent price of $48.02.
If you would have followed this Raymond James's recommendation on RGLD, you would have gained 6.54% of your investment in 786 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.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/2/2013 9:25 AM Buy
None
45.07 74.00
as of 12/13/2013
1 Week up  2.65 %
1 Month up  0.55 %
3 Months   
1 YTD up  0.55 %

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