Q1 2024 EPS Estimates for Royal Gold, Inc. (NASDAQ:RGLD) Increased by Analyst

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) – Equities research analysts at Raymond James lifted their Q1 2024 earnings per share estimates for shares of Royal Gold in a note issued to investors on Wednesday, April 17th. Raymond James analyst B. Macarthur now expects that the basic materials company will post earnings of $0.90 per share for the quarter, up from their previous estimate of $0.88. The consensus estimate for Royal Gold’s current full-year earnings is $4.32 per share.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.75 by $0.20. The firm had revenue of $152.70 million during the quarter, compared to analyst estimates of $140.32 million. Royal Gold had a net margin of 39.53% and a return on equity of 8.18%. Royal Gold’s revenue was down 6.3% on a year-over-year basis. During the same period last year, the firm posted $0.91 EPS.

RGLD has been the subject of a number of other research reports. National Bank Financial upgraded Royal Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, February 15th. BMO Capital Markets upgraded Royal Gold from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $148.00 to $158.00 in a research report on Wednesday, March 27th. Cantor Fitzgerald lowered Royal Gold from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 15th. Finally, Jefferies Financial Group began coverage on shares of Royal Gold in a report on Thursday, February 29th. They set a “hold” rating and a $117.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $143.25.

Royal Gold Trading Down 3.2 %

Shares of NASDAQ:RGLD opened at $118.82 on Monday. The business has a 50-day moving average price of $113.87 and a 200-day moving average price of $114.54. The stock has a market cap of $7.81 billion, a price-to-earnings ratio of 32.64, a PEG ratio of 6.32 and a beta of 0.87. The company has a quick ratio of 2.18, a current ratio of 2.31 and a debt-to-equity ratio of 0.08. Royal Gold has a 52-week low of $100.55 and a 52-week high of $147.82.

Royal Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $1.60 dividend on an annualized basis and a yield of 1.35%. Royal Gold’s payout ratio is presently 43.96%.

Insider Activity at Royal Gold

In related news, SVP Randy Shefman sold 500 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $113.00, for a total value of $56,500.00. Following the completion of the sale, the senior vice president now owns 12,127 shares of the company’s stock, valued at $1,370,351. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. America First Investment Advisors LLC grew its stake in shares of Royal Gold by 1.7% in the first quarter. America First Investment Advisors LLC now owns 162,070 shares of the basic materials company’s stock worth $19,742,000 after acquiring an additional 2,784 shares in the last quarter. PFG Investments LLC purchased a new stake in Royal Gold during the 1st quarter worth about $1,053,000. Raymond James & Associates raised its position in Royal Gold by 0.6% in the 1st quarter. Raymond James & Associates now owns 70,530 shares of the basic materials company’s stock valued at $8,591,000 after purchasing an additional 413 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake in shares of Royal Gold by 7.8% in the 1st quarter. First Trust Direct Indexing L.P. now owns 3,935 shares of the basic materials company’s stock valued at $479,000 after buying an additional 284 shares during the period. Finally, Norden Group LLC acquired a new position in shares of Royal Gold during the first quarter worth about $3,315,000. 83.65% of the stock is currently owned by institutional investors and hedge funds.

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.