Royal Gold, Inc. (NASDAQ:RGLD) Receives $280.27 Average PT from Analysts

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) has been given an average rating of “Hold” by the twelve analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $285.10.

Several research firms recently issued reports on RGLD. Scotiabank reissued a “sector perform” rating and issued a $310.00 price target on shares of Royal Gold in a research report on Tuesday, July 14th. Zacks Research lowered Royal Gold from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. Weiss Ratings cut Royal Gold from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. UBS Group raised their target price on Royal Gold from $280.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday. Finally, National Bank Financial decreased their price target on Royal Gold from $350.00 to $340.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th.

Royal Gold Stock Performance

Shares of Royal Gold stock opened at $229.92 on Monday. Royal Gold has a 52-week low of $164.13 and a 52-week high of $306.25. The firm has a market capitalization of $19.48 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 1.67 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 $204.50 and its two-hundred day moving average price is $239.64.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data 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. Royal Gold had a net margin of 47.74% and a return on equity of 12.06%. The company had revenue of $468.98 million during the quarter, compared to the consensus estimate of $458.85 million. During the same period last year, the firm earned $1.81 EPS. The firm’s revenue for the quarter was up 114.9% compared to the same quarter last year. On average, analysts expect that Royal Gold will post 10.41 EPS for the current year.

Royal Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd were issued a dividend of $0.475 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.8%. Royal Gold’s dividend payout ratio (DPR) is presently 20.74%.

Insider Activity at Royal Gold

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

Institutional Investors Weigh In On Royal Gold

A number of hedge funds have recently made changes to their positions in RGLD. Oxbow Advisors LLC bought a new position in Royal Gold during the 2nd quarter valued at about $12,792,000. Wealthfront Advisers LLC acquired a new stake in shares of Royal Gold during the second quarter worth approximately $440,000. First National Bank of Omaha acquired a new stake in shares of Royal Gold during the second quarter worth approximately $606,000. K2 Principal Fund L.P. bought a new position in shares of Royal Gold in the second quarter valued at approximately $2,121,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Royal Gold in the second quarter valued at approximately $5,319,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

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.