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Analysts at CIBC set a $80.00 price target on shares of Royal Gold, Inc USA) (NASDAQ:RGLD) stock in a research report issued to clients and investors on Tuesday. CIBC’s target price points to a potential upside of 2.72% from the stock’s previous close.

Royal Gold, Inc USA) (NASDAQ:RGLD) traded down 0.98% on Tuesday, hitting $77.12. The stock had a trading volume of 97,672 shares. Royal Gold, Inc USA) has a 52-week low of $42.56 and a 52-week high of $78.99. The stock’s 50-day moving average is $71.63 and its 200-day moving average is $65.07. The company has a market cap of $5.022 billion and a price-to-earnings ratio of 89.11.

Royal Gold, Inc USA) (NASDAQ:RGLD) last announced its earnings results on Thursday, May 1st. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.07. The company had revenue of $57.75 million for the quarter, compared to the consensus estimate of $69.20 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was down 22.1% on a year-over-year basis. Analysts expect that Royal Gold, Inc USA) will post $1.03 EPS for the current fiscal year.

RGLD has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Royal Gold, Inc USA) from C$81.00 to C$94.00 in a research note on Wednesday, July 9th. They now have an “outperform” rating on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of Royal Gold, Inc USA) from $77.00 to $80.00 in a research note on Tuesday, July 8th. Finally, analysts at Morgan Stanley initiated coverage on shares of Royal Gold, Inc USA) in a research note on Thursday, May 29th. They set an “overweight” rating and a $77.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $73.81.

Royal Gold, Inc (NASDAQ:RGLD) together with its subsidiaries, is engaged in the business of acquiring and managing precious metals royalties and similar interests.

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