Brokerages Set Royal Gold, Inc. (NASDAQ:RGLD) Price Target at $168.86

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) has earned an average rating of “Hold” from the eight research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $168.86.

Separately, Jefferies Financial Group upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and increased their price objective for the stock from $154.00 to $178.00 in a research note on Tuesday, January 7th.

Insider Activity at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of Royal Gold stock in a transaction on Monday, March 17th. The shares were sold at an average price of $154.98, for a total value of $201,474.00. Following the completion of the transaction, the senior vice president now owns 9,360 shares of the company’s stock, valued at approximately $1,450,612.80. The trade was a 12.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Royal Gold

Hedge funds have recently modified their holdings of the company. Exchange Traded Concepts LLC acquired a new position in Royal Gold in the 4th quarter worth about $25,000. Point72 Hong Kong Ltd purchased a new stake in shares of Royal Gold in the third quarter valued at approximately $36,000. Advisors Asset Management Inc. acquired a new position in shares of Royal Gold during the 3rd quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Royal Gold by 61.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 290 shares of the basic materials company’s stock valued at $41,000 after buying an additional 110 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Royal Gold during the 4th quarter valued at approximately $42,000. 83.65% of the stock is owned by hedge funds and other institutional investors.

Royal Gold Stock Performance

Royal Gold stock opened at $161.30 on Friday. The business’s 50-day simple moving average is $148.20 and its two-hundred day simple moving average is $144.48. The company has a market cap of $10.61 billion, a PE ratio of 32.00, a PEG ratio of 3.42 and a beta of 0.84. Royal Gold has a fifty-two week low of $118.00 and a fifty-two week high of $163.87.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. As a group, analysts predict that Royal Gold will post 6.2 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, April 4th. Royal Gold’s dividend payout ratio (DPR) is 35.71%.

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.