
Royal Gold, Inc. (NASDAQ:RGLD – Free Report) (TSE:RGL) – Equities researchers at Scotiabank reduced their FY2026 EPS estimates for shares of Royal Gold in a research report issued on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now anticipates that the basic materials company will post earnings per share of $10.76 for the year, down from their prior forecast of $10.79. Scotiabank currently has a “Sector Perform” rating and a $310.00 price objective on the stock. The consensus estimate for Royal Gold’s current full-year earnings is $10.26 per share.
Royal Gold (NASDAQ:RGLD – Get Free Report) (TSE:RGL) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.01. The firm had revenue of $468.98 million for the quarter, compared to the consensus estimate of $458.85 million. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The business’s quarterly revenue was up 114.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.81 EPS.
Check Out Our Latest Analysis on RGLD
Royal Gold Stock Up 1.5%
Shares of NASDAQ:RGLD opened at $267.76 on Monday. The company has a market cap of $22.69 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 2.00 and a beta of 0.44. Royal Gold has a 12 month low of $168.88 and a 12 month high of $306.25. The company has a current ratio of 2.92, a quick ratio of 2.68 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average price of $212.06 and a 200 day moving average price of $236.44.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Groupe la Francaise raised its holdings in shares of Royal Gold by 7.0% in the second quarter. Groupe la Francaise now owns 43,350 shares of the basic materials company’s stock worth $8,661,000 after buying an additional 2,850 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Royal Gold during the 2nd quarter valued at $1,144,000. California State Teachers Retirement System boosted its holdings in Royal Gold by 19,848.6% during the 2nd quarter. California State Teachers Retirement System now owns 19,665,976 shares of the basic materials company’s stock valued at $3,925,525,000 after acquiring an additional 19,567,393 shares during the period. Wedmont Private Capital grew its position in Royal Gold by 43.1% in the 2nd quarter. Wedmont Private Capital now owns 1,827 shares of the basic materials company’s stock valued at $360,000 after acquiring an additional 550 shares during the last quarter. Finally, AlphaGrep UK Ltd bought a new position in Royal Gold in the 2nd quarter valued at $521,000. Institutional investors own 83.65% of the company’s stock.
Insiders Place Their Bets
In other Royal Gold news, SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total value of $107,925.00. Following the completion of the sale, the senior vice president owned 8,582 shares of the company’s stock, valued at $1,852,424.70. This trade represents a 5.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is owned by company insiders.
Royal Gold Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, October 2nd. Royal Gold’s dividend payout ratio is 20.74%.
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.
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