皇家黄金获机构上调目标价，股价受金价波动影响显著

Core Viewpoint - Royal Gold (RGLD.OQ) maintains a buy rating with a target price increase from $260 to $285 by Jiang Huang Capital Markets on February 5, 2026, while Rosenblatt Securities adopts a neutral stance with a target price of $170, highlighting valuation risks [1][2] Institutional Perspectives - Royal Gold's stock price exhibited significant volatility from February 5 to February 10, 2026, starting at a closing price of $253.63 on February 5, down 4.61% in a single day, followed by a rebound to $283.23 on February 10, resulting in a total increase of 6.52% and a price fluctuation of 12.07%. The trading volume exceeded $1 billion during this period, indicating that market sentiment is heavily influenced by fluctuations in gold prices [2] Recent Events - The international gold market experienced a "roller coaster" trend at the beginning of 2026, with London spot gold prices hitting a historical high in January before a sharp decline, followed by a rapid rebound in early February. Key drivers include geopolitical risks, expectations of interest rate cuts by the Federal Reserve, and speculative capital movements. According to the World Gold Council, global gold investment demand reached 2,175 tons in 2025, setting a record, with central bank purchases remaining at high levels [3]