• Return to Headlines

Upgrade Alert for Royal Gold (RGLD)

By Shiri Gupta

Royal Gold (NASDAQ:RGLD) was upgraded from Market Perform to Outperform at BMO Capital today. The stock closed yesterday at $78.25 on volume of 2.5 million shares, above average daily volume of 817,000.

Over the past year, Royal Gold has traded in a range of $24.68 to $77.20 and closed yesterday at $78.25, 217% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.5% while the 200-day MA has risen 0.2%.

Royal Gold (NASDAQ:RGLD) defies analysts with a current price ($78.25) 20.9% above its average consensus price target of $61.89. Royal Gold shares have support at the 50-day moving average (MA) of $52.55 and additional support at the 200-day MA of $45.10.

Royal Gold, Inc. is a United States-based precious metals royalty company that invests in public companies that hold and manage royalties on precious metals properties. The Company holds investments in a number of properties located in the United States, Argentina, Greece, and Bulgaria.

SmarTrend recommended that subscribers consider buying shares of Royal Gold on June 6th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $61.51. Since that recommendation, shares of Royal Gold have risen 21.6%. We continue to monitor RGLD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades Royal Gold

Ticker(s): RGLD