Shares of Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) have been assigned an average rating of “Hold” from the seventeen ratings firms that are covering the company, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $94.25.
Several research firms have recently weighed in on RGLD. B. Riley reaffirmed a “neutral” rating on shares of Royal Gold in a report on Wednesday, November 1st. Canaccord Genuity raised shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday. BidaskClub raised shares of Royal Gold from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Scotiabank set a $90.00 target price on shares of Royal Gold and gave the company a “hold” rating in a report on Monday, January 15th. Finally, TheStreet raised shares of Royal Gold from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th.
In related news, CFO Stefan Wenger sold 1,500 shares of the business’s stock in a transaction on Thursday, January 11th. 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders sold 4,500 shares of company stock valued at $387,750. 1.12% of the stock is owned by insiders.
Royal Gold (RGLD) traded up $1.44 during trading hours on Friday, hitting $82.13. 1,389,567 shares of the stock traded hands, compared to its average volume of 650,169. 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 stock has a market cap of $5,365.29, a price-to-earnings ratio of 53.33, a price-to-earnings-growth ratio of 4.75 and a beta of 0.61. 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 posted its earnings results on Wednesday, February 7th. The basic materials company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). The firm had revenue of $114.35 million for the quarter, compared to analysts’ expectations of $114.79 million. Royal Gold had a net margin of 23.06% and a return on equity of 4.12%. Royal Gold’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm earned $0.36 earnings per share. equities research analysts forecast that Royal Gold will post 1.73 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, January 19th. Investors of record on Friday, January 5th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Thursday, January 4th. This is a positive change from Royal Gold’s previous quarterly dividend of $0.24. Royal Gold’s payout ratio is presently 64.94%.
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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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