Shares of Royal Gold Inc. (NASDAQ:RGLD) have received a consensus rating of “Buy” from the sixteen research firms that are covering the firm. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $73.84.
Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research report on Thursday, June 30th. National Bank Financial raised shares of Royal Gold from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $72.00 to $85.00 in a research note on Wednesday, July 6th. Royal Bank Of Canada reissued an “outperform” rating and issued a $84.00 target price on shares of Royal Gold in a research note on Monday, June 13th. FBR & Co set a $80.00 target price on shares of Royal Gold and gave the company a “hold” rating in a research note on Tuesday, September 20th. Finally, RBC Capital Markets reissued an “outperform” rating on shares of Royal Gold in a research note on Tuesday, September 20th.
Royal Gold (NASDAQ:RGLD) traded down 1.35% during midday trading on Monday, reaching $80.32. 271,585 shares of the company traded hands. The company has a 50 day moving average price of $80.10 and a 200-day moving average price of $67.17. The stock’s market capitalization is $5.24 billion. Royal Gold has a one year low of $24.68 and a one year high of $87.74.
Royal Gold (NASDAQ:RGLD) last released its quarterly earnings data on Wednesday, August 10th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.01. Royal Gold had a negative net margin of 21.44% and a positive return on equity of 2.81%. The business had revenue of $94.10 million for the quarter, compared to the consensus estimate of $100.62 million. During the same quarter last year, the business earned $0.23 EPS. Royal Gold’s revenue for the quarter was up 27.9% compared to the same quarter last year. Analysts forecast that Royal Gold will post $1.88 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Wednesday, September 28th. Royal Gold’s dividend payout ratio (DPR) is -77.97%.
A number of hedge funds and other institutional investors have recently bought and sold shares of RGLD. Sun Valley Gold LLC increased its position in Royal Gold by 154.3% in the first quarter. Sun Valley Gold LLC now owns 535,689 shares of the company’s stock worth $27,475,000 after buying an additional 325,000 shares during the period. State Street Corp increased its position in Royal Gold by 6.7% in the first quarter. State Street Corp now owns 2,118,783 shares of the company’s stock worth $108,671,000 after buying an additional 133,359 shares during the period. Capstone Asset Management Co. increased its position in Royal Gold by 5.3% in the second quarter. Capstone Asset Management Co. now owns 6,996 shares of the company’s stock worth $504,000 after buying an additional 350 shares during the period. HL Financial Services LLC increased its position in Royal Gold by 22.3% in the second quarter. HL Financial Services LLC now owns 79,516 shares of the company’s stock worth $5,727,000 after buying an additional 14,480 shares during the period. Finally, BlackRock Inc. increased its position in Royal Gold by 2.4% in the first quarter. BlackRock Inc. now owns 283,775 shares of the company’s stock worth $14,555,000 after buying an additional 6,640 shares during the period. 69.01% of the stock is currently owned by institutional investors and hedge funds.
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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