Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Royal Gold (RGLD) Share Price

Media coverage about Royal Gold (NASDAQ:RGLD) (TSE:RGL) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Royal Gold earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 46.0082688074846 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Royal Gold (NASDAQ:RGLD) traded down $0.28 during mid-day trading on Friday, hitting $85.38. 419,456 shares of the stock traded hands, compared to its average volume of 440,729. Royal Gold has a 12-month low of $60.21 and a 12-month high of $94.39. The company has a market capitalization of $5,588.49, a P/E ratio of 58.08, a P/E/G ratio of 4.85 and a beta of 0.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.92 and a quick ratio of 3.73.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.07. The firm had revenue of $112.50 million during the quarter, compared to the consensus estimate of $112.43 million. Royal Gold had a net margin of 23.06% and a return on equity of 4.12%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 earnings per share. sell-side analysts expect that Royal Gold will post 1.76 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Friday, January 5th will be given a $0.25 dividend. This is a positive change from Royal Gold’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, January 4th. This represents a $1.00 annualized dividend and a yield of 1.17%. Royal Gold’s payout ratio is currently 62.34%.

A number of equities analysts have issued reports on RGLD shares. BidaskClub raised Royal Gold from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research cut Royal Gold from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. National Bank Financial increased their price objective on Royal Gold from $82.50 to $92.50 and gave the stock a “sector perform” rating in a report on Thursday, August 10th. Canaccord Genuity restated a “buy” rating and set a $105.00 target price (up from $99.00) on shares of Royal Gold in a report on Thursday, August 10th. Finally, FBR & Co lifted their price objective on Royal Gold from $81.00 to $85.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 16th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $95.61.

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In related news, VP Karli S. Anderson sold 2,262 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $91.45, for a total transaction of $206,859.90. Following the sale, the vice president now directly owns 20,081 shares of the company’s stock, valued at approximately $1,836,407.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stefan Wenger sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $85.00, for a total transaction of $127,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 36,452 shares of company stock valued at $3,274,984. Corporate insiders own 1.12% 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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