Royal Gold (NASDAQ:RGLD)‘s stock had its “buy” rating reiterated by analysts at Barclays in a research report issued to clients and investors on Friday, ARN reports. They currently have a $67.00 price target on the stock. Barclays’ price target suggests a potential upside of 43.99% from the stock’s previous close.
Shares of Royal Gold (NASDAQ:RGLD) traded down 0.09% on Friday, hitting $46.49. The stock had a trading volume of 380,078 shares. Royal Gold has a 52 week low of $38.63 and a 52 week high of $89.96. The stock’s 50-day moving average is $49.19 and its 200-day moving average is $51.26. The company has a market cap of $3.024 billion and a price-to-earnings ratio of 42.69.
Royal Gold (NASDAQ:RGLD) last announced its earnings results on Thursday, November 7th. The company reported $0.23 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.26 by $0.03. 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. On average, analysts predict that Royal Gold will post $1.45 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Royal Gold in a research note to investors on Friday, September 20th. They set a “neutral” rating and a $62.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $64.84.
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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