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.
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.
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