Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) – Equities researchers at National Bank Financial boosted their FY2020 earnings estimates for Royal Gold in a research report issued to clients and investors on Wednesday, February 6th. National Bank Financial analyst S. Nagle now forecasts that the basic materials company will post earnings of $1.84 per share for the year, up from their previous estimate of $1.66. National Bank Financial also issued estimates for Royal Gold’s FY2021 earnings at $2.13 EPS.
A number of other research firms have also issued reports on RGLD. BidaskClub upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Thursday. Raymond James reiterated an “outperform” rating and set a $95.00 target price on shares of Royal Gold in a report on Friday. Zacks Investment Research upgraded shares of Royal Gold from a “sell” rating to a “hold” rating in a report on Monday, January 7th. ValuEngine upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a report on Friday, December 7th. Finally, TD Securities lowered shares of Royal Gold from a “buy” rating to a “hold” rating and reduced their target price for the stock from $97.00 to $88.00 in a report on Friday, November 2nd. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $93.72.
Royal Gold stock opened at $86.87 on Monday. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 49.36, a price-to-earnings-growth ratio of 5.52 and a beta of 0.26. Royal Gold has a 52-week low of $70.16 and a 52-week high of $98.53. The company has a current ratio of 5.48, a quick ratio of 4.00 and a debt-to-equity ratio of 0.17.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, February 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.01. The company had revenue of $97.60 million for the quarter, compared to analyst estimates of $100.80 million. Royal Gold had a negative net margin of 20.57% and a positive return on equity of 4.56%. The firm’s quarterly revenue was down 14.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 EPS.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 18th. Stockholders of record on Friday, January 4th were issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.22%. This is a positive change from Royal Gold’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, January 3rd. Royal Gold’s dividend payout ratio (DPR) is presently 60.23%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Capital World Investors raised its holdings in shares of Royal Gold by 1.5% in the 3rd quarter. Capital World Investors now owns 8,138,500 shares of the basic materials company’s stock valued at $627,153,000 after purchasing an additional 121,000 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Royal Gold by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 6,410,978 shares of the basic materials company’s stock valued at $494,029,000 after purchasing an additional 113,273 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of Royal Gold by 1.8% in the 3rd quarter. Vanguard Group Inc now owns 6,410,978 shares of the basic materials company’s stock valued at $494,029,000 after purchasing an additional 113,273 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Royal Gold by 8,465.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,209,941 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 2,184,139 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Royal Gold by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 739,381 shares of the basic materials company’s stock valued at $56,973,000 after purchasing an additional 5,603 shares in the last quarter. Institutional investors and hedge funds own 75.02% of the company’s stock.
About Royal Gold
Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.
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