News headlines about Royal Gold (NASDAQ:RGLD) (TSE:RGL) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Royal Gold earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 47.0171431920161 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Royal Gold Inc. Announces 2% Fall In Q4 Earnings – Markets Insider (markets.businessinsider.com)
- Align Technology Inc (ALGN) and Royal Gold Inc (RGLD) Shares Moving The Tape in Session – Bulletin News (orobulletin.com)
- Alliancebernstein LP Raises Its Ownership in Royal Gold, Inc. (RGLD) Stock Last Quarter – First News 24 (firstnewspaper24.com)
- Edited Transcript of RGLD earnings conference call or presentation 10-Aug-17 4:00pm GMT (finance.yahoo.com)
- Canaccord Genuity Reiterates Buy Rating for Royal Gold, Inc. (RGLD) (americanbankingnews.com)
A number of research analysts have recently commented on RGLD shares. Zacks Investment Research raised Royal Gold from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Wednesday, July 12th. Macquarie lowered Royal Gold from an “outperform” rating to a “neutral” rating in a report on Wednesday, July 12th. BidaskClub raised Royal Gold from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. BMO Capital Markets reissued a “buy” rating and set a $95.00 price target on shares of Royal Gold in a report on Thursday, June 29th. Finally, Barclays PLC reissued an “overweight” rating and set a $84.00 price target (up from $83.00) on shares of Royal Gold in a report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $91.59.
Royal Gold (NASDAQ:RGLD) opened at 87.23 on Friday. Royal Gold has a 12-month low of $60.21 and a 12-month high of $88.03. The company’s 50-day moving average price is $82.15 and its 200-day moving average price is $74.41. The firm has a market capitalization of $5.69 billion, a price-to-earnings ratio of 56.28 and a beta of 0.68.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $108.90 million during the quarter, compared to analyst estimates of $108.72 million. Royal Gold had a return on equity of 3.53% and a net margin of 15.46%. Royal Gold’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 EPS. Equities analysts expect that Royal Gold will post $1.91 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, July 7th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Wednesday, July 5th. Royal Gold’s dividend payout ratio (DPR) is presently 61.54%.
In other news, CFO Stefan Wenger sold 2,500 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $80.00, for a total transaction of $200,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Tony A. Jensen sold 25,000 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $85.00, for a total value of $2,125,000.00. The disclosure for this sale can be found here. Insiders have sold 57,629 shares of company stock worth $4,736,660 in the last ninety days. 1.37% of the stock is currently owned by insiders.
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About Royal Gold
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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