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BMO Capital Markets gives an Outperform recommendation for Royal Gold, Inc (RGLD)

Royal Gold, Inc’s filing revealed that its President & CEO Heissenbuttel William Holmes unloaded Company’s shares for reported $0.55 million on Nov 13 ’24. In the deal valued at $141.20 per share,3,884 shares were sold. As a result of this transaction, Heissenbuttel William Holmes now holds 109,706 shares worth roughly $16.35 million.

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Then, WILLIAM HEISSENBUTTEL bought 6,884 shares, generating $972,847 in total proceeds.

Before that, Hayes William M. sold 1,984 shares. Royal Gold, Inc shares valued at $291,747 were divested by the Director at a price of $147.05 per share. As a result of the transaction, Hayes William M. now holds 9,268 shares, worth roughly $1.38 million.

BMO Capital Markets upgraded its Royal Gold, Inc [RGLD] rating to an Outperform from a a Market perform in a research note published on March 27, 2024; the price target was increased to $158 from $148. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in late February with a ‘”a Hold”‘ rating. National Bank Financial also remained covering RGLD and has increased its forecast on February 15, 2024 with a “an Outperform” recommendation from previously “Sector perform” rating. Cantor Fitzgerald revised its rating on February 15, 2024. It rated RGLD as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of RGLD

On Friday, Royal Gold, Inc [NASDAQ:RGLD] saw its stock jump 0.55% to $148.99. Over the last five days, the stock has gained 6.24%. Royal Gold, Inc shares have risen nearly 23.17% since the year began. Nevertheless, the stocks have risen 28.20% over the past one year. While a 52-week high of $155.10 was reached on 10/21/24, a 52-week low of $100.55 was recorded on 02/28/24. SMA at 50 days reached $145.00, while 200 days put it at $130.17.

Levels Of Support And Resistance For RGLD Stock

The 24-hour chart illustrates a support level at 148.08, which if violated will result in even more drops to 147.18. On the upside, there is a resistance level at 149.86. A further resistance level may holdings at 150.74. The Relative Strength Index (RSI) on the 14-day chart is 56.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.24, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.42%. Stochastics %K at 79.70% indicates the stock is a holding.

How much short interest is there in Royal Gold, Inc?

A steep rise in short interest was recorded in Royal Gold, Inc stocks on 2024-10-31, dropping by 30333.0 shares to a total of 2.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.22 million shares. There was a decline of -1.39%, which implies that there is a negative sentiment for the stock.

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