BidaskClub Lowers Royal Gold (RGLD) to Sell

BidaskClub lowered shares of Royal Gold (NASDAQ:RGLD) (TSE:RGL) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.

A number of other equities research analysts have also recently commented on the company. ValuEngine cut Royal Gold from a hold rating to a sell rating in a research note on Friday, August 17th. Zacks Investment Research raised Royal Gold from a sell rating to a hold rating in a research note on Monday, October 15th. Barclays started coverage on Royal Gold in a research note on Wednesday, October 10th. They set an equal weight rating and a $78.00 price objective for the company. Scotiabank set a $88.00 price objective on Royal Gold and gave the stock a hold rating in a research note on Thursday, August 9th. Finally, Raymond James set a $94.00 price objective on Royal Gold and gave the stock a buy rating in a research note on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $95.86.

NASDAQ RGLD opened at $73.15 on Wednesday. The firm has a market capitalization of $4.81 billion, a PE ratio of 41.56, a PEG ratio of 4.98 and a beta of 0.43. Royal Gold has a 52 week low of $70.16 and a 52 week high of $98.53. The company has a quick ratio of 4.00, a current ratio of 4.27 and a debt-to-equity ratio of 0.17.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, October 31st. The basic materials company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.14). The firm had revenue of $100.00 million during the quarter, compared to analyst estimates of $98.88 million. Royal Gold had a negative net margin of 28.39% and a positive return on equity of 4.66%. The firm’s quarterly revenue was down 11.1% on a year-over-year basis. During the same period last year, the business posted $0.44 earnings per share. As a group, equities research analysts expect that Royal Gold will post 1.47 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 18th. Investors of record on Friday, January 4th will be paid a dividend of $0.265 per share. The ex-dividend date is Thursday, January 3rd. This is a boost from Royal Gold’s previous quarterly dividend of $0.25. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.45%. Royal Gold’s payout ratio is 56.82%.

In other Royal Gold news, Director Jamie C. Sokalsky bought 2,000 shares of the firm’s stock in a transaction on Monday, September 17th. The stock was purchased at an average cost of $77.18 per share, with a total value of $154,360.00. Following the completion of the purchase, the director now owns 10,185 shares in the company, valued at $786,078.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Sybil E. Veenman bought 500 shares of the firm’s stock in a transaction on Wednesday, September 26th. The stock was acquired at an average cost of $78.11 per share, with a total value of $39,055.00. Following the completion of the purchase, the director now owns 2,515 shares of the company’s stock, valued at approximately $196,446.65. The disclosure for this purchase can be found here. 0.95% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. Belpointe Asset Management LLC grew its stake in Royal Gold by 14.6% in the second quarter. Belpointe Asset Management LLC now owns 4,738 shares of the basic materials company’s stock valued at $440,000 after acquiring an additional 605 shares during the period. Violich Capital Management Inc. grew its stake in Royal Gold by 14.1% in the second quarter. Violich Capital Management Inc. now owns 5,505 shares of the basic materials company’s stock valued at $511,000 after acquiring an additional 680 shares during the period. Oregon Public Employees Retirement Fund grew its stake in Royal Gold by 3.0% in the second quarter. Oregon Public Employees Retirement Fund now owns 25,252 shares of the basic materials company’s stock valued at $2,344,000 after acquiring an additional 736 shares during the period. Squar Milner Financial Services LLC grew its stake in Royal Gold by 41.6% in the third quarter. Squar Milner Financial Services LLC now owns 2,696 shares of the basic materials company’s stock valued at $208,000 after acquiring an additional 792 shares during the period. Finally, Verity Asset Management Inc. grew its stake in Royal Gold by 28.9% in the third quarter. Verity Asset Management Inc. now owns 3,783 shares of the basic materials company’s stock valued at $292,000 after acquiring an additional 848 shares during the period. 75.70% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.

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Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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