Shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) have received an average rating of “Buy” from the fourteen brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $93.85.
A number of equities analysts recently commented on the company. BMO Capital Markets reiterated a “buy” rating and set a $95.00 price target on shares of Royal Gold in a report on Wednesday, September 6th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Royal Gold in a report on Thursday, September 7th. Canaccord Genuity reiterated a “buy” rating and set a $105.00 price target (up previously from $99.00) on shares of Royal Gold in a report on Thursday, August 10th. FBR & Co lifted their price target on Royal Gold from $81.00 to $85.00 and gave the stock a “market perform” rating in a report on Wednesday, August 16th. Finally, National Bank Financial lifted their price target on Royal Gold from $82.50 to $92.50 and gave the stock a “sector perform” rating in a report on Thursday, August 10th.
Shares of Royal Gold (NASDAQ RGLD) traded down 1.01% on Thursday, reaching $84.11. The company’s stock had a trading volume of 374,457 shares. The company has a market cap of $5.50 billion, a P/E ratio of 54.26 and a beta of 0.58. The company has a 50 day moving average price of $87.82 and a 200 day moving average price of $82.43. Royal Gold has a 52-week low of $60.21 and a 52-week high of $94.39.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, August 9th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). Royal Gold had a net margin of 23.03% and a return on equity of 4.19%. The company had revenue of $108.90 million during the quarter, compared to analyst estimates of $108.72 million. During the same period in the prior year, the firm posted $0.32 EPS. Royal Gold’s revenue was up 15.7% compared to the same quarter last year. On average, analysts anticipate that Royal Gold will post $1.75 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Thursday, October 5th. Royal Gold’s dividend payout ratio is presently 61.54%.
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In other news, CFO Stefan Wenger sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $85.88, for a total transaction of $128,820.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman William M. Hayes sold 10,850 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $86.35, for a total value of $936,897.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,216 shares of company stock valued at $7,058,788. Corporate insiders own 1.12% of the company’s stock.
Several large investors have recently modified their holdings of RGLD. Arcadia Investment Management Corp MI bought a new stake in shares of Royal Gold during the second quarter worth approximately $104,000. Almanack Investment Partners LLC. bought a new stake in shares of Royal Gold during the second quarter worth approximately $109,000. Mountain Capital Investment Advisors Inc bought a new stake in shares of Royal Gold during the second quarter worth approximately $109,000. MUFG Americas Holdings Corp bought a new stake in shares of Royal Gold during the second quarter worth approximately $117,000. Finally, KBC Group NV bought a new stake in shares of Royal Gold during the second quarter worth approximately $142,000. Institutional investors own 70.19% of the company’s stock.
About Royal Gold
Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.
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