ROYAL GOLD (RGLD: $66.05; rated Overweight; $75 up from $67 price target) ASSUMED 5% GOLD STREAM ON RESTAGED ABX PASCUA-LAMA BUILT INTO MODEL; HIGHER PREMIUM TO NPV/SHARE; ESTIMATES CUT. 4/27/2014

ROYAL GOLD (RGLD: $66.05; rated Overweight; $75 up from $67 price target)
ASSUMED 5% GOLD STREAM ON RESTAGED ABX PASCUA-LAMA BUILT
INTO MODEL; HIGHER PREMIUM TO NPV/SHARE; ESTIMATES CUT. 4/27/2014