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

Core Insights - Royal Gold, Inc. (NASDAQ:RGLD) is highlighted as one of the 10 must-buy mining stocks for investment [1] - The company is undergoing significant changes, including the SAND transaction and restructuring of the Hod Maden joint venture [2] Financial Performance - For Q4, Royal Gold reported adjusted EPS of $1.92, which fell short of the consensus estimate of $2.64, and revenue of $375.3 million compared to estimates of $386.67 million [4] - The CEO described 2025 as a "transformational year," emphasizing record financial results and multiple transactions that enhance the company's asset base [4] - The company has increased its annual dividend for the 25th consecutive year and has reduced debt while rebuilding liquidity [4] Analyst Ratings and Price Targets - Scotiabank analyst Tanya Jakusconek lowered the price target for Royal Gold to $331 from $335 while maintaining a Sector Perform rating [2] - BofA raised its price target for Royal Gold to $278 from $256 but kept an Underperform rating after updating forecasts for 2026 metal prices [3]