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Equities research analysts at CIBC raised their price objective on shares of Royal Gold, Inc USA) (NASDAQ:RGLD) from $80.00 to $88.00 in a research note issued to investors on Monday. CIBC’s price target points to a potential upside of 10.96% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Cowen and Company cut their price target on shares of Royal Gold, Inc USA) from $95.24 to $93.36 in a research note on Friday. Separately, analysts at HSBC downgraded shares of Royal Gold, Inc USA) from a “neutral” rating to an “underweight” rating in a research note on Friday, July 25th. They now have a $71.00 price target on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $76.26.

Shares of Royal Gold, Inc USA) (NASDAQ:RGLD) traded up 0.73% on Monday, hitting $79.89. 119,495 shares of the company’s stock traded hands. Royal Gold, Inc USA) has a 1-year low of $42.56 and a 1-year high of $80.25. The stock has a 50-day moving average of $76.20 and a 200-day moving average of $67.55. The company has a market cap of $5.204 billion and a P/E ratio of 82.61.

Royal Gold, Inc USA) (NASDAQ:RGLD) last released its earnings data on Thursday, August 7th. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.29 by $0.06. The company had revenue of $70.10 million for the quarter, compared to the consensus estimate of $77.30 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 22.3% on a year-over-year basis. Analysts expect that Royal Gold, Inc USA) will post $1.03 EPS for the current fiscal year.

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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