Royal Gold Completes Major Acquisitions Expanding Portfolio
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Royal Gold (RGLD) has completed major acquisitions of Sandstorm Gold Ltd. and Horizon Copper Corp., enhancing its position in the gold streaming and royalty sector. The transactions involved issuing 18.6 million shares and drawing $450 million from its credit facility. The Supreme Court of British Columbia approved the Sandstorm Arrangement. Analysts rate RGLD stock as a Buy with a $257.00 price target, citing strong financial health, robust revenue growth, and a favorable outlook despite a premium valuation. Royal Gold is recognized for its high margins and diversified portfolio in mining-friendly jurisdictions.
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