National Bank Financial Trims Royal Gold (NASDAQ:RGLD) Target Price to $130.00

Royal Gold (NASDAQ:RGLD) (TSE:RGL) had its target price reduced by National Bank Financial from $135.00 to $130.00 in a report issued on Monday morning, BayStreet.CA reports. They currently have a sector perform rating on the basic materials company’s stock.

Several other analysts have also commented on RGLD. ValuEngine lowered shares of Royal Gold from a buy rating to a hold rating in a research report on Wednesday, October 2nd. TD Securities cut their target price on Royal Gold from $135.00 to $125.00 and set a hold rating on the stock in a research report on Friday, November 8th. BidaskClub lowered Royal Gold from a buy rating to a hold rating in a research report on Wednesday, November 6th. B. Riley lowered Royal Gold from a buy rating to a neutral rating and cut their target price for the company from $127.10 to $122.00 in a research report on Thursday, October 31st. Finally, CIBC lowered Royal Gold from a sector outperform rating to a neutral rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $112.88.

Shares of RGLD stock traded up $1.26 during trading on Monday, hitting $117.79. 538,940 shares of the stock traded hands, compared to its average volume of 505,670. The firm has a market capitalization of $7.55 billion, a P/E ratio of 81.30, a price-to-earnings-growth ratio of 4.58 and a beta of 0.10. The company has a debt-to-equity ratio of 0.07, a current ratio of 5.07 and a quick ratio of 4.74. The firm’s fifty day moving average price is $119.68 and its 200-day moving average price is $111.59. Royal Gold has a 52-week low of $71.13 and a 52-week high of $138.78.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.02. The firm had revenue of $118.77 million for the quarter, compared to analyst estimates of $129.47 million. Royal Gold had a net margin of 33.78% and a return on equity of 5.51%. The business’s revenue for the quarter was up 18.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. As a group, equities research analysts expect that Royal Gold will post 2.52 earnings per share for the current year.

In other Royal Gold news, VP Bruce Christopher Kirchhoff sold 1,593 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $132.72, for a total value of $211,422.96. Following the completion of the transaction, the vice president now owns 43,450 shares in the company, valued at $5,766,684. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Mark Isto sold 2,497 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $135.00, for a total transaction of $337,095.00. Following the completion of the transaction, the vice president now owns 24,442 shares of the company’s stock, valued at approximately $3,299,670. The disclosure for this sale can be found here. In the last three months, insiders sold 19,074 shares of company stock worth $2,557,573. 0.52% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Royal Gold by 3.6% in the second quarter. Vanguard Group Inc. now owns 7,230,223 shares of the basic materials company’s stock worth $741,024,000 after acquiring an additional 251,565 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in shares of Royal Gold during the second quarter worth $45,477,000. Invesco Ltd. grew its stake in shares of Royal Gold by 353.5% during the second quarter. Invesco Ltd. now owns 350,177 shares of the basic materials company’s stock worth $35,890,000 after purchasing an additional 272,966 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Royal Gold by 2.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 342,076 shares of the basic materials company’s stock worth $35,060,000 after purchasing an additional 8,460 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Royal Gold by 0.9% during the third quarter. Rhumbline Advisers now owns 179,096 shares of the basic materials company’s stock worth $22,066,000 after purchasing an additional 1,624 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

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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