Scotiabank Lowers its Price Target on Royal Gold, Inc. (RGLD) to $331 and Maintains a Sector Perform Rating

Royal Gold, Inc. (NASDAQ:RGLD) is among the 10 Must-Buy Mining Stocks to Invest In.

Scotiabank Lowers its Price Target on Royal Gold, Inc. (RGLD) to $331 and Maintains a Sector Perform Rating

On February 27, 2026, Scotiabank analyst Tanya Jakusconek lowered the price target on Royal Gold, Inc. to $331 from $335 and maintained a Sector Perform rating. Tanya Jakusconek said investor focus in 2026 will center on the company delivering its first full year estimates following the SAND transaction, restructuring the Hod Maden joint venture interest, issuing 2026 guidance, and identifying additional precious metals opportunities.

On February 26, 2026, BofA raised its price target on Royal Gold to $278 from $256 and kept an Underperform rating after updating forecasts for 2026 metal prices across its North American Metals & Mining coverage.

On February 18, 2026, Royal Gold reported Q4 adjusted EPS of $1.92 versus consensus of $2.64 and revenue of $375.3M compared with two estimates of $386.67M. CEO Bill Heissenbuttel described 2025 as a “transformational year,” highlighting record financial results, multiple transactions, and mine life extensions and expansions across the company’s portfolio. Heissenbuttel added that these developments strengthen the scale and diversification of Royal Gold’s asset base while supporting long-term growth. The company also increased its annual dividend for the 25th consecutive year and reduced debt while rebuilding liquidity following a year of active transactions.

Royal Gold, Inc. acquires and manages precious metal streams, royalties, and related interests across North America, South and Central America, Europe, the Middle East, Africa, and the Australia Pacific region.

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