Shares of Royal Gold, Inc. (NASDAQ:RGLD – Get Free Report) (TSE:RGL) have earned a consensus rating of “Hold” from the eight research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $142.13.
Several brokerages have recently weighed in on RGLD. National Bank Financial upgraded shares of Royal Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, February 15th. BMO Capital Markets increased their price objective on shares of Royal Gold from $160.00 to $161.00 and gave the stock an “outperform” rating in a research note on Tuesday. Jefferies Financial Group assumed coverage on shares of Royal Gold in a research note on Thursday, February 29th. They issued a “hold” rating and a $117.00 price objective on the stock. Cantor Fitzgerald cut shares of Royal Gold from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 15th. Finally, Scotiabank raised their target price on shares of Royal Gold from $144.00 to $148.00 and gave the stock a “sector perform” rating in a research note on Thursday.
View Our Latest Report on RGLD
Royal Gold Stock Performance
Shares of NASDAQ RGLD opened at $128.51 on Friday. The firm’s 50-day moving average price is $122.37 and its 200-day moving average price is $117.52. The company has a quick ratio of 2.35, a current ratio of 2.50 and a debt-to-equity ratio of 0.05. The company has a market cap of $8.45 billion, a PE ratio of 37.91, a PEG ratio of 1.09 and a beta of 0.88. Royal Gold has a 52-week low of $100.55 and a 52-week high of $134.56.
Royal Gold (NASDAQ:RGLD – Get Free Report) (TSE:RGL) last issued its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.04). Royal Gold had a return on equity of 7.96% and a net margin of 38.12%. The business had revenue of $148.90 million during the quarter, compared to the consensus estimate of $147.02 million. During the same quarter last year, the company earned $0.96 EPS. Royal Gold’s revenue for the quarter was down 12.6% on a year-over-year basis. As a group, analysts anticipate that Royal Gold will post 4.51 EPS for the current year.
Royal Gold Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, July 5th. Royal Gold’s payout ratio is currently 47.20%.
Insider Activity
In other news, SVP Daniel Breeze sold 1,500 shares of Royal Gold stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $130.73, for a total transaction of $196,095.00. Following the sale, the senior vice president now owns 14,840 shares in the company, valued at $1,940,033.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $113.00, for a total value of $56,500.00. Following the sale, the senior vice president now owns 12,127 shares in the company, valued at $1,370,351. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Daniel Breeze sold 1,500 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $130.73, for a total transaction of $196,095.00. Following the completion of the sale, the senior vice president now owns 14,840 shares in the company, valued at approximately $1,940,033.20. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.
Institutional Investors Weigh In On Royal Gold
Large investors have recently bought and sold shares of the business. Commerce Bank increased its position in Royal Gold by 4.3% during the fourth quarter. Commerce Bank now owns 2,356 shares of the basic materials company’s stock valued at $285,000 after acquiring an additional 98 shares during the last quarter. Dana Investment Advisors Inc. grew its holdings in shares of Royal Gold by 0.5% in the fourth quarter. Dana Investment Advisors Inc. now owns 23,255 shares of the basic materials company’s stock worth $2,813,000 after purchasing an additional 110 shares during the last quarter. Birch Capital Management LLC grew its holdings in shares of Royal Gold by 16.5% in the first quarter. Birch Capital Management LLC now owns 799 shares of the basic materials company’s stock worth $97,000 after purchasing an additional 113 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Royal Gold by 3.1% in the third quarter. Private Advisor Group LLC now owns 3,835 shares of the basic materials company’s stock worth $408,000 after purchasing an additional 115 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in shares of Royal Gold by 31.3% in the fourth quarter. Quadrant Capital Group LLC now owns 487 shares of the basic materials company’s stock worth $59,000 after purchasing an additional 116 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.
About Royal Gold
Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.
Featured Stories
Receive News & Ratings for Royal Gold Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Royal Gold and related companies with MarketBeat.com’s FREE daily email newsletter.