Shares of Royal Gold, Inc. (NASDAQ:RGLD – Get Free Report) (TSE:RGL) have received a consensus rating of “Moderate Buy” from the twelve analysts that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $295.80.
RGLD has been the subject of several recent research reports. UBS Group boosted their price target on shares of Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Scotiabank restated a “sector perform” rating and set a $310.00 price target on shares of Royal Gold in a research report on Tuesday, July 14th. Royal Bank Of Canada raised their price objective on Royal Gold from $305.00 to $325.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Weiss Ratings raised Royal Gold from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 9th. Finally, TD lifted their price objective on Royal Gold from $289.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, September 18th.
View Our Latest Research Report on RGLD
Royal Gold Trading Up 2.2%
Shares of RGLD opened at $238.05 on Friday. Royal Gold has a fifty-two week low of $168.88 and a fifty-two week high of $306.25. The firm has a market cap of $20.17 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 1.75 and a beta of 0.45. The firm has a 50 day moving average price of $246.61 and a 200-day moving average price of $231.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.68 and a current ratio of 2.92.
Royal Gold (NASDAQ:RGLD – Get Free Report) (TSE:RGL) last released its earnings results on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.55 by $0.01. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The company had revenue of $468.98 million for the quarter, compared to analyst estimates of $458.85 million. During the same quarter last year, the firm earned $1.81 EPS. The firm’s quarterly revenue was up 114.9% compared to the same quarter last year. As a group, equities research analysts forecast that Royal Gold will post 10.30 earnings per share for the current year.
Royal Gold Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Friday, October 2nd were issued a dividend of $0.4750 per share. The ex-dividend date was Friday, October 2nd. This represents a $1.90 annualized dividend and a yield of 0.8%. Royal Gold’s dividend payout ratio is currently 20.74%.
Insider Transactions at Royal Gold
In related news, SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $262.80, for a total transaction of $131,400.00. Following the transaction, the senior vice president directly owned 8,082 shares in the company, valued at $2,123,949.60. This trade represents a 5.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is currently owned by insiders.
Institutional Trading of Royal Gold
Several hedge funds and other institutional investors have recently bought and sold shares of RGLD. Vontobel Holding Ltd. grew its holdings in shares of Royal Gold by 171.0% in the third quarter. Vontobel Holding Ltd. now owns 6,878 shares of the basic materials company’s stock worth $1,623,000 after purchasing an additional 4,340 shares during the last quarter. TD Waterhouse Canada Inc. increased its stake in shares of Royal Gold by 7.1% in the third quarter. TD Waterhouse Canada Inc. now owns 12,162 shares of the basic materials company’s stock worth $2,831,000 after buying an additional 801 shares during the period. Howard Capital Management LLC purchased a new position in shares of Royal Gold in the third quarter worth $4,548,000. BFI Infinity Ltd. purchased a new position in shares of Royal Gold in the third quarter worth $554,000. Finally, Global Strategic Management Inc. raised its holdings in Royal Gold by 24.2% during the 3rd quarter. Global Strategic Management Inc. now owns 29,545 shares of the basic materials company’s stock valued at $6,981,000 after buying an additional 5,765 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.
Royal Gold Company Profile
Royal Gold, Inc is a precious metals streaming and royalty company headquartered in Denver, Colorado. Rather than operating mines directly, the company finances mining projects and acquires interests that provide rights to purchase a portion of the metals produced from those operations or to receive royalty payments based on mine revenue.
Royal Gold’s portfolio is primarily focused on gold, with additional exposure to silver, copper and other metals. Its interests include streaming agreements and royalties associated with projects such as Pueblo Viejo in the Dominican Republic and Mount Milligan in British Columbia, Canada.
Featured Stories
- Five stocks we like better than Royal Gold
- Bank of America Stock Sell-Off Looks Like a Buying Opportunity
- AST SpaceMobile Is Down 67%—Could SpaceX’s Mobile Push Deepen the Selloff?
- GlobalFoundries’ $21 Billion Deal Could Change the Economics of Chipmaking
- Fundamental and Technicals Signals Align for Costco: Is the Stock Finally Breaking Out?
Receive News & Ratings for Royal Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Gold and related companies with MarketBeat.com's FREE daily email newsletter.
