Royal Gold (RGLD) Downgraded by BidaskClub

BidaskClub lowered shares of Royal Gold (NASDAQ:RGLD) (TSE:RGL) from a sell rating to a strong sell rating in a report published on Saturday.

A number of other research firms have also recently commented on RGLD. BMO Capital Markets reaffirmed a buy rating and set a $95.00 price target on shares of Royal Gold in a research note on Wednesday, September 6th. Royal Bank Of Canada reaffirmed an outperform rating on shares of Royal Gold in a research note on Thursday, September 7th. Zacks Investment Research raised shares of Royal Gold from a sell rating to a hold rating in a research note on Wednesday, November 8th. B. Riley reaffirmed a neutral rating on shares of Royal Gold in a research note on Wednesday, November 1st. Finally, TheStreet raised shares of Royal Gold from a c+ rating to a b- rating in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. Royal Gold has an average rating of Hold and a consensus target price of $95.61.

Royal Gold (NASDAQ:RGLD) opened at $82.08 on Friday. Royal Gold has a 52 week low of $60.21 and a 52 week high of $94.39. The company has a current ratio of 3.92, a quick ratio of 3.73 and a debt-to-equity ratio of 0.23. The company has a market cap of $5,423.54, a PE ratio of 56.37, a P/E/G ratio of 4.70 and a beta of 0.46.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.07. Royal Gold had a net margin of 23.06% and a return on equity of 4.12%. The firm had revenue of $112.50 million during the quarter, compared to analysts’ expectations of $112.43 million. During the same period in the previous year, the company earned $0.46 EPS. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. analysts predict 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. Investors of record on Friday, January 5th will be issued a dividend of $0.25 per share. This is a positive change from Royal Gold’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $1.00 dividend on an annualized basis and a yield of 1.22%. Royal Gold’s dividend payout ratio (DPR) is presently 62.34%.

In related news, CFO Stefan Wenger sold 1,500 shares of Royal Gold 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.12% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Arcadia Investment Management Corp MI bought a new stake in shares of Royal Gold in the 2nd quarter valued at about $104,000. Mountain Capital Investment Advisors Inc bought a new stake in shares of Royal Gold in the 2nd quarter valued at about $109,000. Almanack Investment Partners LLC. bought a new stake in shares of Royal Gold in the 2nd quarter valued at about $109,000. MUFG Americas Holdings Corp bought a new position in shares of Royal Gold during the 2nd quarter worth approximately $117,000. Finally, KBC Group NV bought a new position in shares of Royal Gold during the 2nd quarter worth approximately $142,000. Institutional investors own 72.04% of the company’s stock.

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Royal Gold Company Profile

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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