Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) has received a consensus recommendation of “Buy” from the fifteen brokerages that are covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $96.56.
A number of equities research analysts recently issued reports on the company. BMO Capital Markets reissued a “buy” rating and set a $95.00 price target on shares of Royal Gold in a research report on Wednesday, September 6th. Royal Bank Of Canada reissued an “outperform” rating on shares of Royal Gold in a research report on Thursday, September 7th. B. Riley reissued a “neutral” rating on shares of Royal Gold in a research report on Wednesday, November 1st. Zacks Investment Research raised Royal Gold from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, TheStreet raised Royal Gold from a “c+” rating to a “b-” rating in a research report on Wednesday, November 8th.
Shares of Royal Gold (RGLD) opened at $85.38 on Monday. The stock has a market capitalization of $5,588.49, a P/E ratio of 58.08, a P/E/G ratio of 4.85 and a beta of 0.49. Royal Gold has a 12-month low of $60.21 and a 12-month high of $94.39. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.73 and a current ratio of 3.92.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.07. The business had revenue of $112.50 million for the quarter, compared to the consensus estimate of $112.43 million. Royal Gold had a return on equity of 4.12% and a net margin of 23.06%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 earnings per share. analysts forecast that Royal Gold will post 1.76 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Friday, January 5th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, January 4th. This is a boost from Royal Gold’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 1.17%. Royal Gold’s dividend payout ratio is presently 62.34%.
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In other Royal Gold news, CEO Tony A. Jensen sold 25,000 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $90.00, for a total transaction of $2,250,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stefan Wenger sold 1,500 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $85.00, for a total value of $127,500.00. The disclosure for this sale can be found here. Insiders have sold 36,452 shares of company stock valued at $3,274,984 over the last 90 days. Corporate insiders own 1.12% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. QS Investors LLC lifted its stake in shares of Royal Gold by 0.4% in the 2nd quarter. QS Investors LLC now owns 3,561 shares of the basic materials company’s stock valued at $278,000 after acquiring an additional 13 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Royal Gold by 1.7% in the 2nd quarter. IFP Advisors Inc now owns 2,343 shares of the basic materials company’s stock valued at $183,000 after acquiring an additional 39 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Royal Gold by 2.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 5,216 shares of the basic materials company’s stock valued at $408,000 after acquiring an additional 100 shares during the last quarter. Utah Retirement Systems lifted its stake in shares of Royal Gold by 0.8% in the 2nd quarter. Utah Retirement Systems now owns 11,946 shares of the basic materials company’s stock valued at $934,000 after acquiring an additional 100 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of Royal Gold by 6.4% in the 2nd quarter. US Bancorp DE now owns 2,120 shares of the basic materials company’s stock valued at $166,000 after acquiring an additional 127 shares during the last quarter. Institutional investors own 69.63% of the company’s stock.
Royal Gold Company Profile
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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