Moderna Doubles, Gold Rallies To $4,500 As Dollar Sinks: Stock Market Today
Treasury's expanded long-bond buybacks knocked yields off 20-month highs and sank the dollar, as gold soars.
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Royal Gold Q2 Adj. EPS $2.56 Misses $2.69 Estimate, Sales $450.539M Miss $464.155M Estimate
Royal Gold (NASDAQ:RGLD) reported quarterly earnings of $2.56 per share which missed the analyst consensus estimate of $2.69 by 5.19 percent. This is a 41.44 percent increase over earnings of $1.81 per share from the
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Shares of precious-metals-related companies are trading higher alongside gains in gold and silver prices as Treasury yields and the U.S. dollar decline following the Treasury Department’s announcement that it would double the size of liquidity-support buyback operations for longer-dated bonds.
UBS Maintains Buy on Royal Gold, Raises Price Target to $285
UBS analyst Daniel Major maintains Royal Gold (NASDAQ:RGLD) with a Buy and raises the price target from $280 to $285.
Shares of precious metal-related companies are trading higher amid rising gold prices after July's payroll data, which signaled economic cooling, weighed on yields and dollar strength. A UBS note suggested that gold prices will climb to $5,000 per ounce in H1 2027.