FY2027 Earnings Forecast for Royal Gold Issued By Scotiabank

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) – Investment analysts at Scotiabank lowered their FY2027 earnings per share (EPS) estimates for shares of Royal Gold in a research report issued to clients and investors on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now anticipates that the basic materials company will post earnings per share of $11.92 for the year, down from their previous estimate of $12.05. Scotiabank currently has a “Sector Perform” rating and a $310.00 price target on the stock. The consensus estimate for Royal Gold’s current full-year earnings is $10.33 per share.

A number of other research analysts also recently issued reports on the stock. Royal Bank Of Canada reduced their price target on shares of Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. UBS Group raised their target price on Royal Gold from $280.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Jefferies Financial Group reduced their price target on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. Finally, Weiss Ratings lowered shares of Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $285.10.

Royal Gold Stock Performance

Shares of RGLD stock opened at $252.36 on Friday. The firm has a market capitalization of $21.38 billion, a P/E ratio of 27.55, a P/E/G ratio of 1.87 and a beta of 0.44. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.92 and a quick ratio of 2.68. The company’s fifty day moving average price is $209.14 and its two-hundred day moving average price is $236.44. Royal Gold has a 12 month low of $168.88 and a 12 month high of $306.25.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.01. The business had revenue of $468.98 million for the quarter, compared to analysts’ expectations of $458.85 million. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The business’s revenue for the quarter was up 114.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.81 earnings per share.

Royal Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 2nd will be given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, October 2nd. Royal Gold’s payout ratio is currently 20.74%.

Insider Activity at Royal Gold

In other news, SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total transaction of $107,925.00. Following the transaction, the senior vice president owned 8,582 shares in the company, valued at approximately $1,852,424.70. This trade represents a 5.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.35% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Royal Gold

Hedge funds have recently bought and sold shares of the business. Plancorp LLC lifted its position in Royal Gold by 69.8% in the fourth quarter. Plancorp LLC now owns 13,732 shares of the basic materials company’s stock worth $3,053,000 after purchasing an additional 5,646 shares during the period. World Investment Advisors bought a new position in shares of Royal Gold during the 4th quarter worth about $1,024,000. TD Asset Management Inc boosted its position in shares of Royal Gold by 161.2% during the 4th quarter. TD Asset Management Inc now owns 43,836 shares of the basic materials company’s stock valued at $9,744,000 after acquiring an additional 27,051 shares in the last quarter. Vestcor Inc boosted its position in shares of Royal Gold by 62.5% during the 4th quarter. Vestcor Inc now owns 32,177 shares of the basic materials company’s stock valued at $7,153,000 after acquiring an additional 12,381 shares in the last quarter. Finally, WJ Financial Advisors LLC bought a new stake in Royal Gold in the fourth quarter valued at about $1,010,000. 83.65% of the stock is owned by institutional investors and hedge funds.

About Royal Gold

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.