Shares of Royal Gold, Inc. (NASDAQ:RGLD – Get Free Report) (TSE:RGL) have received an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $309.67.
Several research analysts have weighed in on the company. Zacks Research upgraded Royal Gold from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. TD dropped their target price on Royal Gold from $315.00 to $311.00 and set a “buy” rating for the company in a report on Tuesday, October 20th. Raymond James Financial set a $337.00 target price on shares of Royal Gold in a research report on Friday. UBS Group upped their price target on shares of Royal Gold from $280.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Weiss Ratings raised shares of Royal Gold from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday.
Read Our Latest Research Report on Royal Gold
Insider Transactions at Royal Gold
In other Royal Gold news, SVP Randy Shefman sold 500 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $262.80, for a total transaction of $131,400.00. Following the transaction, the senior vice president owned 8,082 shares in the company, valued at $2,123,949.60. This represents a 5.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.35% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Royal Gold
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Private Advisor Group LLC raised its holdings in Royal Gold by 5.4% in the 3rd quarter. Private Advisor Group LLC now owns 22,647 shares of the basic materials company’s stock valued at $5,345,000 after acquiring an additional 1,158 shares in the last quarter. Focus Advisor Solutions LLC lifted its position in shares of Royal Gold by 38.8% during the 3rd quarter. Focus Advisor Solutions LLC now owns 6,596 shares of the basic materials company’s stock valued at $1,557,000 after acquiring an additional 1,843 shares during the period. Boston Partners lifted its position in shares of Royal Gold by 29.9% during the 3rd quarter. Boston Partners now owns 61,468 shares of the basic materials company’s stock valued at $14,507,000 after acquiring an additional 14,157 shares during the period. Independent Advisor Alliance lifted its position in shares of Royal Gold by 8.4% during the 3rd quarter. Independent Advisor Alliance now owns 1,333 shares of the basic materials company’s stock valued at $339,000 after acquiring an additional 103 shares during the period. Finally, OneAscent Financial Services LLC acquired a new stake in shares of Royal Gold during the 3rd quarter worth $1,199,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.
Royal Gold Price Performance
Royal Gold stock opened at $274.57 on Wednesday. The company has a market capitalization of $23.21 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 2.04 and a beta of 0.46. The company has a current ratio of 2.40, a quick ratio of 2.21 and a debt-to-equity ratio of 0.02. Royal Gold has a 12 month low of $181.01 and a 12 month high of $306.25. The stock’s 50 day moving average is $245.02 and its 200-day moving average is $241.11.
Royal Gold (NASDAQ:RGLD – Get Free Report) (TSE:RGL) last released its quarterly earnings results on Wednesday, November 4th. The basic materials company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.03. The business had revenue of $464.77 million during the quarter, compared to analysts’ expectations of $459.84 million. Royal Gold had a return on equity of 11.67% and a net margin of 47.69%. The firm’s revenue for the quarter was up 84.4% compared to the same quarter last year. During the same period last year, the firm posted $2.06 EPS. Equities research analysts expect that Royal Gold will post 10.71 EPS for the current year.
Royal Gold Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Friday, October 2nd were issued a $0.4750 dividend. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.7%. Royal Gold’s payout ratio is currently 19.15%.
About Royal Gold
Royal Gold, Inc. is a precious metals company that finances mining operations through royalty and streaming agreements. Rather than operating mines itself, the company acquires interests that give it rights to payments or a share of future metal production from mines operated by other companies. Under a streaming agreement, Royal Gold provides financing in exchange for the right to purchase a specified portion of a mine’s future production at an agreed price. Its royalties generally entitle it to payments tied to a mine’s production or revenue.
Recommended Stories
- Five stocks we like better than Royal Gold
- Why Kinder Morgan’s Chairman Just Bought $15 Million in Stock
- Rocket Lab’s Record Backlog Could Fuel a Rebound, But Neutron Raises the Stakes
- Don’t Let Their Low Yields Fool You: 3 Dividend Stocks Worth Watching
- A $4 Billion Jolt: NRG Energy Powers Data Center Ambitions
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.
