Royal Gold, Inc (NASDAQ:RGLD) Receives $96.94 Average Target Price from Brokerages

Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) has received a consensus recommendation of “Hold” from the fifteen analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $103.44.

A number of equities analysts recently weighed in on RGLD shares. Zacks Investment Research raised shares of Global Ship Lease from a “hold” rating to a “strong-buy” rating and set a $7.75 price target on the stock in a report on Monday, June 3rd. Bank of America set a $35.00 price target on shares of Conagra Brands and gave the stock a “buy” rating in a report on Friday, June 28th. BidaskClub raised shares of Zai Lab from a “buy” rating to a “strong-buy” rating in a report on Friday, June 28th. BMO Capital Markets reissued an “outperform” rating and issued a C$11.00 price target on shares of Automotive Properties Real Est Invt TR in a report on Wednesday, March 27th. Finally, Canaccord Genuity set a $52.00 price target on shares of Zillow Group and gave the stock a “hold” rating in a report on Wednesday, June 19th.

In related news, CEO Tony A. Jensen sold 31,936 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $93.62, for a total value of $2,989,848.32. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ronald J. Vance sold 1,930 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $94.77, for a total value of $182,906.10. The disclosure for this sale can be found here. Insiders sold a total of 87,423 shares of company stock worth $8,138,746 over the last 90 days. 0.95% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Cordasco Financial Network raised its stake in Royal Gold by 72.4% in the 1st quarter. Cordasco Financial Network now owns 293 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 123 shares during the period. CENTRAL TRUST Co raised its stake in Royal Gold by 375.0% in the 2nd quarter. CENTRAL TRUST Co now owns 475 shares of the basic materials company’s stock valued at $51,000 after acquiring an additional 375 shares during the period. Quadrant Capital Group LLC raised its stake in Royal Gold by 762.8% in the 1st quarter. Quadrant Capital Group LLC now owns 811 shares of the basic materials company’s stock valued at $71,000 after acquiring an additional 717 shares during the period. Versant Capital Management Inc raised its stake in Royal Gold by 18.6% in the 1st quarter. Versant Capital Management Inc now owns 848 shares of the basic materials company’s stock valued at $77,000 after acquiring an additional 133 shares during the period. Finally, Captrust Financial Advisors raised its stake in Royal Gold by 216.0% in the 4th quarter. Captrust Financial Advisors now owns 1,106 shares of the basic materials company’s stock valued at $95,000 after acquiring an additional 756 shares during the period. Institutional investors and hedge funds own 79.23% of the company’s stock.

RGLD traded up $0.29 during mid-day trading on Friday, reaching $117.79. 669,256 shares of the stock were exchanged, compared to its average volume of 469,935. The company has a debt-to-equity ratio of 0.17, a current ratio of 5.39 and a quick ratio of 5.13. The stock has a market capitalization of $7.70 billion, a PE ratio of 66.93, a PEG ratio of 5.46 and a beta of 0.21. The business has a 50 day moving average of $100.41. Royal Gold has a 1 year low of $70.16 and a 1 year high of $118.50.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.01). The company had revenue of $109.80 million during the quarter, compared to analysts’ expectations of $115.32 million. Royal Gold had a return on equity of 4.36% and a net margin of 22.19%. Royal Gold’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period last year, the firm posted $0.48 earnings per share. On average, equities research analysts expect that Royal Gold will post 1.51 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Wednesday, July 3rd. Royal Gold’s dividend payout ratio is currently 60.23%.

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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