How Much Upside is Left in Royal Gold (RGLD)? Wall Street Analysts Think 26%

Core Viewpoint - Royal Gold (RGLD) has shown a 7.4% increase in stock price over the past four weeks, with a mean price target of $249.89 indicating a potential upside of 26% from the current price of $198.33 [1] Price Targets and Analyst Estimates - The mean estimate consists of nine short-term price targets with a standard deviation of $21.29, where the lowest estimate is $205.00 (3.4% increase) and the highest is $280.00 (41.2% increase) [2] - A low standard deviation suggests a strong agreement among analysts regarding the stock's price movement, which can serve as a starting point for further research [9] Earnings Estimates and Analyst Optimism - Analysts have shown growing optimism regarding RGLD's earnings prospects, as indicated by a positive trend in earnings estimate revisions, which correlates with near-term stock price movements [11] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 0.1%, with one estimate moving higher and no negative revisions [12] Zacks Rank and Investment Potential - RGLD currently holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates, indicating strong potential for upside in the near term [13] Caution on Price Targets - While the consensus price target is a useful metric, relying solely on it for investment decisions may not be wise due to the questionable ability of analysts in setting accurate price targets [3][10]