Royal Gold (NASDAQ:RGLD) Given Buy (B) Rating at Weiss Ratings

Royal Gold (NASDAQ:RGLD) (TSE:RGL)‘s stock had its “buy (b)” rating reaffirmed by Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

RGLD has been the subject of several other reports. Zacks Research cut shares of Royal Gold from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Canaccord Genuity Group raised their price target on shares of Royal Gold from $202.00 to $203.00 in a report on Wednesday, June 11th. Wall Street Zen upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Finally, TD Securities restated a “buy” rating and set a $237.00 price target (up from $229.00) on shares of Royal Gold in a report on Friday, August 8th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $198.63.

Royal Gold Trading Up 3.7%

Shares of RGLD stock opened at $205.23 on Wednesday. The company has a market capitalization of $13.51 billion, a price-to-earnings ratio of 30.09, a P/E/G ratio of 1.57 and a beta of 0.41. Royal Gold has a 1-year low of $130.67 and a 1-year high of $205.90. The stock’s fifty day simple moving average is $181.69 and its 200-day simple moving average is $175.44.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.11. Royal Gold had a return on equity of 13.30% and a net margin of 56.24%.The firm had revenue of $209.64 million during the quarter, compared to analyst estimates of $186.63 million. During the same period last year, the company posted $1.25 EPS. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, sell-side analysts predict that Royal Gold will post 6.2 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RGLD. WPG Advisers LLC purchased a new position in Royal Gold in the first quarter valued at about $27,000. Cullen Frost Bankers Inc. lifted its position in shares of Royal Gold by 548.1% in the second quarter. Cullen Frost Bankers Inc. now owns 175 shares of the basic materials company’s stock worth $31,000 after buying an additional 148 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Royal Gold in the first quarter worth about $32,000. Banque Cantonale Vaudoise acquired a new stake in shares of Royal Gold in the first quarter worth about $34,000. Finally, Blue Trust Inc. lifted its position in shares of Royal Gold by 56.8% in the second quarter. Blue Trust Inc. now owns 196 shares of the basic materials company’s stock worth $35,000 after buying an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.