Royal Gold (RGLD +3.2%) is upgraded to Buy from Neutral at UBS, which notes RGLD's share price...

|About: Royal Gold, Inc. (RGLD)|By:, SA News Editor

Royal Gold (RGLD +3.2%) is upgraded to Buy from Neutral at UBS, which notes RGLD's share price has declined by 9.6% in the last month as uncertainty remains over Mt. Milligan and Pascua-Lama. Given the share price drop and after revising its model to reflect FQ2 results, the firm cuts its rating and price target given the implied return.