Royal Gold (NASDAQ:RGLD) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Royal Gold (NASDAQ:RGLD) (TSE:RGL) from a buy rating to a hold rating in a research report sent to investors on Saturday.

RGLD has been the subject of several other reports. CIBC upped their price objective on Royal Gold from $225.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Raymond James Financial set a $257.00 price objective on Royal Gold and gave the company an “outperform” rating in a research note on Tuesday, October 21st. BMO Capital Markets set a $240.00 target price on Royal Gold and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Zacks Research upgraded Royal Gold from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Finally, Bank of America raised their price objective on Royal Gold from $193.00 to $203.00 and gave the stock an “underperform” rating in a research note on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $220.44.

Royal Gold Trading Down 1.7%

NASDAQ RGLD opened at $174.79 on Friday. Royal Gold has a 12 month low of $130.67 and a 12 month high of $209.42. The company has a market capitalization of $11.51 billion, a PE ratio of 25.63, a P/E/G ratio of 0.96 and a beta of 0.41. The stock has a 50-day simple moving average of $189.13 and a 200 day simple moving average of $178.41.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, August 6th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.11. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The firm had revenue of $209.64 million during the quarter, compared to analysts’ expectations of $186.63 million. During the same period in the previous year, the firm earned $1.25 earnings per share. The company’s revenue was up 20.4% on a year-over-year basis. As a group, sell-side analysts predict that Royal Gold will post 6.2 earnings per share for the current fiscal year.

Royal Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. Royal Gold’s dividend payout ratio (DPR) is 26.39%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RGLD. DAVENPORT & Co LLC bought a new position in Royal Gold during the 1st quarter worth $204,000. Oregon Public Employees Retirement Fund raised its position in shares of Royal Gold by 0.7% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,471 shares of the basic materials company’s stock worth $2,203,000 after acquiring an additional 100 shares in the last quarter. Principal Financial Group Inc. increased its position in Royal Gold by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 151,323 shares of the basic materials company’s stock valued at $24,743,000 after buying an additional 601 shares in the last quarter. D.A. Davidson & CO. bought a new stake in Royal Gold in the 1st quarter valued at about $509,000. Finally, HM Payson & Co. increased its position in Royal Gold by 4,545.5% in the 1st quarter. HM Payson & Co. now owns 511 shares of the basic materials company’s stock valued at $84,000 after buying an additional 500 shares in the last quarter. 83.65% of the stock is owned by institutional investors.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.