Royal Gold (NASDAQ:RGLD) (TSE:RGL) – Stock analysts at B. Riley lifted their Q3 2018 earnings estimates for shares of Royal Gold in a research note issued to investors on Tuesday, April 17th. B. Riley analyst L. Pipes now anticipates that the basic materials company will post earnings of $0.48 per share for the quarter, up from their previous estimate of $0.37. B. Riley also issued estimates for Royal Gold’s Q4 2018 earnings at $0.40 EPS, Q1 2019 earnings at $0.40 EPS and FY2019 earnings at $1.74 EPS.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Thursday, February 8th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). Royal Gold had a return on equity of 4.31% and a net margin of 13.00%. The company had revenue of $114.35 million for the quarter, compared to analysts’ expectations of $114.79 million. During the same quarter in the prior year, the company earned $0.36 EPS. The company’s revenue was up 6.9% on a year-over-year basis.
Shares of RGLD stock opened at $89.46 on Thursday. The company has a current ratio of 3.98, a quick ratio of 3.80 and a debt-to-equity ratio of 0.21. Royal Gold has a 52-week low of $67.10 and a 52-week high of $94.39. The firm has a market capitalization of $5,832.72, a P/E ratio of 57.72, a price-to-earnings-growth ratio of 5.27 and a beta of 0.61.
The company also recently announced a quarterly dividend, which was paid on Friday, April 20th. Investors of record on Friday, April 6th were paid a $0.25 dividend. The ex-dividend date was Thursday, April 5th. This represents a $1.00 dividend on an annualized basis and a yield of 1.12%. Royal Gold’s dividend payout ratio is presently 64.52%.
In related news, CFO Stefan Wenger sold 1,500 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $88.50, for a total value of $132,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 4,500 shares of company stock worth $389,160. 1.12% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Keeler Thomas Management LLC bought a new position in Royal Gold in the fourth quarter valued at $118,000. Exane Derivatives increased its stake in Royal Gold by 4,900.0% in the fourth quarter. Exane Derivatives now owns 1,500 shares of the basic materials company’s stock valued at $123,000 after acquiring an additional 1,470 shares during the last quarter. Squar Milner Financial Services LLC bought a new position in Royal Gold in the fourth quarter valued at $212,000. Stone Ridge Asset Management LLC bought a new position in Royal Gold in the fourth quarter valued at $219,000. Finally, Vident Investment Advisory LLC bought a new position in Royal Gold in the fourth quarter valued at $223,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.
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About Royal Gold
Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and similar interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests. As of June 30, 2017, the company owned stream interests in 4 producing property and 2 development stage properties; and owned royalty interests in 35 producing properties, 18 development stage properties, and 135 exploration stage properties.
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