BofA Cuts PT on Royal Gold (RGLD) Following Plans to Reduce Ownership in Hod Maden to 15%

Royal Gold, Inc. (NASDAQ:RGLD) is one of the best commodity stocks to buy for the supercycle. BofA cut the price target on Royal Gold, Inc. (NASDAQ:RGLD) to $245 from $246 on May 19, reiterating an Underperform rating on the shares. The rating came after SSR Mining Inc. (NASDAQ:SSRM) announced a definitive agreement with Lidya Mines of Turkiye to sell its 20% ownership stake and operatorship position in the Hod Maden project, with Royal Gold, Inc. (NASDAQ:RGLD) concurrently announcing plans to reduce its ownership in Hod Maden to 15% from 30%.

In its financial and operating results for fiscal Q1 2026, Royal Gold, Inc. (NASDAQ:RGLD) reported record revenue of $469.1 million compared to $193.4 million in the prior year period. Management clarified that the revenue split by commodity was 71% gold, 16% silver, and 10% copper. The company also reported record operating cash flow of $293.6 million in the quarter, along with record net income of $281.1 million ($3.30 per share), and adjusted net income of $232.9 million ($2.72 per share).

Royal Gold, Inc. (NASDAQ:RGLD) is involved in the acquisition and management of precious metal streams, royalties, and similar interests. Its operations are divided into the Acquisition and Management of Stream Interests and the Acquisition and Management of Royalty Interests segments.

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