News stories about Royal Gold (NASDAQ:RGLD) (TSE:RGL) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Royal Gold earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 46.3347059836698 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Cautious investors still favouring gold royalty companies over miners – Reuters (uk.reuters.com)
- Royal Gold Inc. (NASDAQ:RGLD) technicals should not be ignored … – Argus Journal (argusjournal.com)
- Bear of the Day: Jack in the Box (JACK) (zacks.com)
- Noteworthy Thursday Option Activity: LB, RGLD, DG – Nasdaq (nasdaq.com)
- Bear of the Day: Royal Gold (RGLD) – Nasdaq (nasdaq.com)
RGLD has been the topic of several recent research reports. FBR & Co raised their target price on Royal Gold from $81.00 to $85.00 and gave the company a “market perform” rating in a report on Wednesday, August 16th. Royal Bank Of Canada restated an “outperform” rating on shares of Royal Gold in a report on Thursday, September 7th. BMO Capital Markets restated a “buy” rating and set a $95.00 target price on shares of Royal Gold in a report on Wednesday, September 6th. Canaccord Genuity restated a “buy” rating and set a $105.00 target price (up from $99.00) on shares of Royal Gold in a report on Thursday, August 10th. Finally, National Bank Financial raised their target price on Royal Gold from $82.50 to $92.50 and gave the company a “sector perform” rating in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $92.68.
Shares of Royal Gold (NASDAQ:RGLD) opened at 88.22 on Friday. The firm has a market capitalization of $5.76 billion, a P/E ratio of 56.92 and a beta of 0.57. Royal Gold has a 12 month low of $60.21 and a 12 month high of $94.39. The stock has a 50 day moving average price of $89.76 and a 200 day moving average price of $81.09.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, August 9th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.02). The firm had revenue of $108.90 million during the quarter, compared to the consensus estimate of $108.72 million. Royal Gold had a net margin of 23.03% and a return on equity of 4.19%. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 earnings per share. On average, analysts expect that Royal Gold will post $1.80 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be paid a $0.24 dividend. The ex-dividend date is Thursday, October 5th. This represents a $0.96 dividend on an annualized basis and a yield of 1.09%. Royal Gold’s dividend payout ratio (DPR) is currently 61.54%.
In related news, CEO Tony A. Jensen sold 25,000 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $85.00, for a total value of $2,125,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Karli S. Anderson sold 2,262 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $91.45, for a total transaction of $206,859.90. Following the completion of the transaction, the vice president now owns 20,081 shares in the company, valued at approximately $1,836,407.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,345 shares of company stock worth $9,279,753. 1.12% of the stock is owned by company insiders.
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About Royal Gold
Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.
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