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Royal Gold (RGLD) Stock Forecast & Price Target

$140.96
+2.15 (+1.55%)
(As of 08/21/2024 ET)

Royal Gold - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 10 Wall Street analysts who have issued ratings for Royal Gold in the last 12 months, the stock has a consensus rating of "Hold." Out of the 10 analysts, 1 has given a sell rating, 5 have given a hold rating, and 4 have given a buy rating for RGLD.

Consensus Price Target

$157.00
11.38% Upside
High Forecast$175.00
Average Forecast$157.00
Low Forecast$131.00

According to the 10 analysts' twelve-month price targets for Royal Gold, the average price target is $157.00. The highest price target for RGLD is $175.00, while the lowest price target for RGLD is $131.00. The average price target represents a forecasted upside of 11.38% from the current price of $140.97.

TypeCurrent Forecast
8/23/23 to 8/22/24
1 Month Ago
7/24/23 to 7/23/24
3 Months Ago
5/25/23 to 5/24/24
1 Year Ago
8/23/22 to 8/23/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
3 Buy rating(s)
Hold
5 Hold rating(s)
5 Hold rating(s)
3 Hold rating(s)
4 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$157.00$152.75$142.13$140.56
Forecasted Upside11.38% Upside24.34% Upside23.08% Upside16.88% Upside
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RGLD Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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RGLD Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Royal Gold Stock vs. The Competition

TypeRoyal GoldBasic Materials CompaniesS&P 500
Consensus Rating Score
2.30
2.68
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside11.38% Upside183.48% Upside8.75% Upside
News Sentiment RatingNeutral News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
8/19/2024Scotiabank
5 of 5 stars
 Boost TargetSector Perform ➝ Sector Perform$148.00 ➝ $157.00+13.73%
8/9/2024Raymond James
4 of 5 stars
 Boost TargetOutperform ➝ Outperformer$167.00 ➝ $170.00+30.83%
7/12/2024Jefferies Financial Group
2 of 5 stars
 Boost TargetHold ➝ Hold$130.00 ➝ $141.00+3.59%
7/10/2024Cibc World Mkts
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C. Chiu
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UpgradeHold
7/10/2024CIBC
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 Boost TargetNeutral ➝ Neutral$166.00 ➝ $175.00+31.49%
7/10/2024BMO Capital Markets
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 Boost TargetOutperform ➝ Outperform$168.00 ➝ $170.00+27.09%
6/26/2024Bank of America
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 Boost TargetUnderperform ➝ Underperform$129.00 ➝ $131.00+4.73%
2/15/2024Cantor Fitzgerald
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 DowngradeOverweight ➝ Neutral
2/15/2024National Bank Financial
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S. Nagle
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UpgradeSector Perform ➝ Outperform
11/2/2023TD Securities
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 Lower TargetBuy$175.00 ➝ $155.00+46.67%
7/7/2023Barclays
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 Boost Target$122.00 ➝ $124.00+9.64%
5/5/2023National Bankshares
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 Lower TargetSector Perform$165.00 ➝ $160.00+12.86%
12/12/2022Credit Suisse Group
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 Initiated CoverageNeutral$120.00+8.55%
10/27/2022Eight Capital
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 Lower Target$143.00+46.91%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:37 AM ET.

RGLD Forecast - Frequently Asked Questions

What is Royal Gold's forecast for 2024?

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Royal Gold is $157.00, with a high forecast of $175.00 and a low forecast of $131.00.

Should I buy or sell Royal Gold stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Royal Gold in the last twelve months. There is currently 1 sell rating, 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RGLD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RGLD, but not buy additional shares or sell existing shares.

Does Royal Gold's stock price have much upside?

According to analysts, Royal Gold's stock has a predicted upside of 23.75% based on their 12-month stock forecasts.

Has Royal Gold been upgraded by Wall Street analysts recently?

Over the previous 90 days, Royal Gold's stock had 1 upgrade by analysts.

What analysts cover Royal Gold?

Royal Gold has been rated by research analysts at Bank of America, BMO Capital Markets, CIBC, Cibc World Mkts, Jefferies Financial Group, Raymond James, and Scotiabank in the past 90 days.

Do Wall Street analysts like Royal Gold more than its competitors?

Analysts like Royal Gold less than other "basic materials" companies. The consensus rating for Royal Gold is Hold while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how RGLD compares to other companies.


This page (NASDAQ:RGLD) was last updated on 8/22/2024 by MarketBeat.com Staff

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