Royal Gold (RGLD) Stock Rating Upgraded by BidaskClub

Royal Gold (NASDAQ:RGLD) (TSE:RGL) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Friday.

RGLD has been the subject of several other reports. B. Riley restated a “neutral” rating on shares of Royal Gold in a research note on Wednesday, November 1st. Zacks Investment Research upgraded Royal Gold from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Eight Capital restated a “neutral” rating on shares of Royal Gold in a research note on Thursday, November 16th. TD Securities initiated coverage on Royal Gold in a research note on Friday, December 8th. They issued a “buy” rating for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating on shares of Royal Gold in a research note on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Royal Gold presently has an average rating of “Hold” and an average price target of $96.28.

Shares of Royal Gold (NASDAQ RGLD) opened at $86.56 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.73 and a current ratio of 3.92. The firm has a market capitalization of $5,710.00, a PE ratio of 56.21, a PEG ratio of 4.87 and a beta of 0.46. Royal Gold has a 52 week low of $61.00 and a 52 week high of $94.39.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its 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 company had revenue of $112.50 million during the quarter, compared to the consensus estimate of $112.43 million. Royal Gold had a return on equity of 4.12% and a net margin of 23.06%. The company’s revenue was down 4.7% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. sell-side analysts predict that Royal Gold will post 1.76 EPS for the current fiscal year.

In other Royal Gold news, CFO Stefan Wenger sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $85.00, for a total value of $127,500.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 4,500 shares of company stock valued at $383,820 over the last quarter. Insiders own 1.12% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Mountain Capital Investment Advisors Inc bought a new position in Royal Gold in the second quarter worth about $109,000. Almanack Investment Partners LLC. bought a new position in Royal Gold in the second quarter worth about $109,000. MUFG Americas Holdings Corp bought a new position in Royal Gold in the second quarter worth about $117,000. KBC Group NV bought a new position in Royal Gold in the second quarter worth about $142,000. Finally, US Bancorp DE lifted its holdings in Royal Gold by 6.4% in the second quarter. US Bancorp DE now owns 2,120 shares of the basic materials company’s stock worth $166,000 after acquiring an additional 127 shares during the last quarter. 72.02% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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