Royal Gold (NASDAQ:RGLD) issued its quarterly earnings data on Thursday. The company reported $0.23 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.26 by $0.03, Analyst Ratings Network.com reports. The company had revenue of $56.49 million for the quarter, compared to the consensus estimate of $58.50 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was down 27.5% on a year-over-year basis.
RGLD has been the subject of a number of recent research reports. Analysts at Barclays reiterated a “buy” rating on shares of Royal Gold in a research note to investors on Friday. They now have a $67.00 price target on the stock. On the ratings front, analysts at MLV Capital cut their price target on shares of Royal Gold from $70.00 to $65.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at HSBC cut their price target on shares of Royal Gold from $74.30 to $73.90 in a research note to investors on Friday, November 1st. They now have an “overweight” rating on the stock. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Royal Gold currently has an average rating of “Buy” and a consensus target price of $64.84.
Shares of Royal Gold (NASDAQ:RGLD) traded up 2.32% on Friday, hitting $47.61. 546,812 shares of the company’s stock traded hands. Royal Gold has a 52 week low of $38.63 and a 52 week high of $89.96. The stock has a 50-day moving average of $49.19 and a 200-day moving average of $51.26. The company has a market cap of $3.097 billion and a price-to-earnings ratio of 42.69.
Royal Gold, Inc (NASDAQ:RGLD) together with its subsidiaries, is engaged in the business of acquiring and managing precious metals royalties and similar interests.
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