CFRA Upgrades Royal Gold (RGLD) to Strong Buy, Raises Price Target

Royal Gold, Inc. (NASDAQ:RGLD) is one of the 13 Most Promising Gold Stocks According to Wall Street Analysts. On August 11, CFRA upgraded Royal Gold, Inc. (NASDAQ:RGLD) from Buy to Strong Buy and increased the price target from $225 to $231.

The company announced agreements to acquire Sandstorm Gold and Horizon Copper. Royal Gold, Inc. (NASDAQ:RGLD) also acquired a $1 billion gold streaming agreement for Kansanshi. CFRA believes the company has positioned itself as a top-tier growth player in the streaming industry.

CFRA Upgrades Royal Gold (RGLD) to Strong Buy, Raises Price Target

A mine entrance, showcasing the precious metals and minerals that this company produces.

CFRA increased its EPS estimates for Royal Gold, Inc. (NASDAQ:RGLD). The firm raised its EPS estimate by $0.79 to $7.74 for 2025 and by $0.56 to $8.90 for 2026.

The research firm noted that the company’s portfolio will grow to 393 total interests. This gives Royal Gold, Inc. (NASDAQ:RGLD) strong diversification while it maintains a 78% gold revenue mix.

CFRA believes Royal Gold, Inc. (NASDAQ:RGLD) is currently undervalued. The company has a top-tier margin profile, a debt-free balance sheet, and about $1.25 billion in liquidity. The company also has a strong pipeline with 47 development-stage assets.

Royal Gold, Inc. (NASDAQ:RGLD) is a leading precious metals company focused on the acquisition and management of precious metal streams and royalty interests. The company has a well-diversified portfolio of precious metal streams, royalties, and similar production-based interests in several of the world’s most attractive mines.

While we acknowledge the potential of RGLD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RGLD and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.