UPDATE: MLV & Co Downgrades Royal Gold as Stock is Fairly Valued at Current Levels

In a report published Wednesday, MLV & Co analyst Michael D. Peterson downgraded the rating on Royal Gold (NASDAQ: RGLD ) from Buy to Hold, and removed the $65.00 price target. In the report, MLV & Co noted, “Year-to-date performance of Royal Gold has meaningfully outpaced that of gold, the