Royal Gold Now Covered by BB&T (RGLD)

Posted by: Hossein Forouzandeh Posted date: March 18, 2013 In: Analyst Articles - US, Investing

Equities researchers at BB&T began coverage on shares of Royal Gold (NASDAQ: RGLD) in a report issued on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.

Shares of Royal Gold (NASDAQ: RGLD) opened at 67.16 on Monday. Royal Gold has a one year low of $57.00 and a one year high of $100.84. The stock’s 50-day moving average is currently $69.63. The company has a market cap of $4.368 billion and a P/E ratio of 41.18.

Royal Gold (NASDAQ: RGLD) last issued its quarterly earnings data on Thursday, January 31st. The company reported $0.42 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.43 by $0.01. The company had revenue of $79.90 million for the quarter, compared to the consensus estimate of $80.19 million. During the same quarter last year, the company posted $0.42 earnings per share. Royal Gold’s revenue was up 16.1% compared to the same quarter last year. On average, analysts predict that Royal Gold will post $1.72 earnings per share for the current fiscal year.

RGLD has been the subject of a number of other recent research reports. Analysts at UBS AG upgraded shares of Royal Gold from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, February 12th. They now have a $90.00 price target on the stock, down previously from $98.00. Separately, analysts at Scotiabank cut their price target on shares of Royal Gold from $98.80 to $96.00 in a research note to investors on Friday, February 1st. They now have a “sector perform” rating on the stock. Finally, analysts at MLV Capital cut their price target on shares of Royal Gold from $95.00 to $92.00 in a research note to investors on Friday, February 1st. They now have a “buy” rating on the stock.

Two equities research analysts have rated the stock with a buy rating, and six have assigned a hold rating to the company’s stock. Royal Gold currently has an average rating of “hold” and a consensus price target of $90.69.

The company also recently declared a quarterly dividend, which is scheduled for Friday, April 19th. Shareholders of record on Friday, April 5th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Wednesday, April 3rd.

Royal Gold, Inc. (Royal Gold) together with its subsidiaries, is engaged in the business of acquiring and managing precious metals royalties and similar interests derived from production.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.