Royal Gold, Inc (RGLD) Given Consensus Rating of “Hold” by Brokerages

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.

A number of hedge funds and other institutional investors have recently modified their holdings of RGLD. Alliancebernstein L.P. increased its holdings in Royal Gold by 1.7% in the 2nd quarter. Alliancebernstein L.P. now owns 43,132 shares of the basic materials company’s stock worth $3,372,000 after acquiring an additional 710 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Royal Gold by 6.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,955 shares of the basic materials company’s stock worth $779,000 after acquiring an additional 643 shares in the last quarter. Thrivent Financial For Lutherans increased its holdings in Royal Gold by 6.8% in the 2nd quarter. Thrivent Financial For Lutherans now owns 13,150 shares of the basic materials company’s stock worth $1,028,000 after acquiring an additional 840 shares in the last quarter. New York State Common Retirement Fund increased its holdings in Royal Gold by 5.3% in the 2nd quarter. New York State Common Retirement Fund now owns 151,900 shares of the basic materials company’s stock worth $11,874,000 after acquiring an additional 7,599 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in Royal Gold by 24.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 109,571 shares of the basic materials company’s stock worth $8,565,000 after purchasing an additional 21,632 shares during the last quarter. 71.96% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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