GOLD AND SILVER ROYALTY COMPANIES – – THREE TRANSACTIONS TOTAL $1.95 BILLION FRANCO NEVADA (FNV $48.94 rated Underweight with $30 from $36 price target) ROYAL GOLD (RGLD $84.31 rated Underweight with $53 from $56 price target) SILVER WHEATON (SLW $33.68 rated Underweight with $21 from $24 price target) 8/28/2012
GOLD AND SILVER ROYALTY COMPANIES – – THREE TRANSACTIONS
TOTAL $1.95 BILLION
FRANCO NEVADA (FNV $48.94 rated Underweight with $30 from $36 price target)
ROYAL GOLD (RGLD $84.31 rated Underweight with $53 from $56 price target)
SILVER WHEATON (SLW $33.68 rated Underweight with $21 from $24 price target) 8/28/2012