Royal Gold (NASDAQ:RGLD) Stock Rating Upgraded by Zacks Research

Royal Gold (NASDAQ:RGLD) (TSE:RGL) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Scotiabank reaffirmed an “outperform” rating on shares of Royal Gold in a report on Thursday, October 23rd. Jefferies Financial Group reaffirmed a “buy” rating and set a $270.00 price target on shares of Royal Gold in a report on Sunday, December 7th. Raymond James Financial set a $264.00 price objective on shares of Royal Gold in a research note on Thursday, November 6th. BMO Capital Markets set a $240.00 target price on shares of Royal Gold and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Finally, Wall Street Zen lowered Royal Gold from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Royal Gold currently has a consensus rating of “Moderate Buy” and a consensus target price of $234.60.

Royal Gold Price Performance

NASDAQ RGLD opened at $277.70 on Monday. The stock has a market capitalization of $23.44 billion, a price-to-earnings ratio of 38.15, a PEG ratio of 0.71 and a beta of 0.49. Royal Gold has a 1-year low of $135.68 and a 1-year high of $277.89. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.89 and a quick ratio of 2.68. The business’s fifty day moving average price is $219.08 and its 200-day moving average price is $192.34.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.24). The firm had revenue of $250.23 million for the quarter, compared to analysts’ expectations of $275.11 million. Royal Gold had a net margin of 55.99% and a return on equity of 14.14%. The firm’s revenue was up 30.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.47 EPS. On average, equities analysts predict that Royal Gold will post 6.2 earnings per share for the current year.

Institutional Trading of Royal Gold

A number of large investors have recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Royal Gold in the third quarter valued at $29,000. Trust Co. of Toledo NA OH purchased a new position in shares of Royal Gold in the 4th quarter worth $30,000. Cullen Frost Bankers Inc. increased its holdings in shares of Royal Gold by 548.1% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 175 shares of the basic materials company’s stock worth $31,000 after buying an additional 148 shares during the last quarter. Bank & Trust Co raised its position in shares of Royal Gold by 600.0% during the 4th quarter. Bank & Trust Co now owns 140 shares of the basic materials company’s stock valued at $31,000 after buying an additional 120 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Royal Gold by 8,400.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 170 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 168 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

Royal Gold Company Profile

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.