Shares of Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) have received an average rating of “Hold” from the fourteen analysts that are covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $95.28.
Several research analysts have recently weighed in on RGLD shares. Desjardins cut Royal Gold from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. TD Securities increased their price target on Royal Gold from $94.00 to $98.00 and gave the company a “hold” rating in a research report on Tuesday, February 26th. ValuEngine raised Royal Gold from a “hold” rating to a “buy” rating in a research report on Monday, June 3rd. BMO Capital Markets cut Royal Gold from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 27th. Finally, Zacks Investment Research raised Royal Gold from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research report on Monday, April 29th.
In other Royal Gold news, CEO Tony A. Jensen sold 38,821 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $92.42, for a total value of $3,587,836.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Bruce Christopher Kirchhoff sold 9,471 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $93.18, for a total value of $882,507.78. Following the completion of the sale, the vice president now owns 50,348 shares in the company, valued at approximately $4,691,426.64. The disclosure for this sale can be found here. Insiders have sold 87,423 shares of company stock valued at $8,138,746 over the last three months. Insiders own 0.95% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in RGLD. Vanguard Group Inc lifted its stake in Royal Gold by 1.8% in the third quarter. Vanguard Group Inc now owns 6,410,978 shares of the basic materials company’s stock worth $494,029,000 after acquiring an additional 113,273 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Royal Gold by 4.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 5,575 shares of the basic materials company’s stock worth $477,000 after acquiring an additional 250 shares during the last quarter. M&T Bank Corp lifted its stake in Royal Gold by 45.3% in the fourth quarter. M&T Bank Corp now owns 4,725 shares of the basic materials company’s stock worth $405,000 after acquiring an additional 1,472 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Royal Gold by 24.9% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 17,822 shares of the basic materials company’s stock worth $1,526,000 after acquiring an additional 3,555 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in Royal Gold by 8,465.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,209,941 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 2,184,139 shares during the last quarter. Hedge funds and other institutional investors own 79.24% of the company’s stock.
Shares of RGLD stock traded up $0.23 on Tuesday, hitting $101.26. 565,622 shares of the stock were exchanged, compared to its average volume of 427,862. The company has a debt-to-equity ratio of 0.17, a current ratio of 5.39 and a quick ratio of 5.13. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 57.53, a P/E/G ratio of 6.50 and a beta of 0.12. The business has a 50-day moving average of $89.69. Royal Gold has a fifty-two week low of $70.16 and a fifty-two week high of $102.62.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.01). The firm had revenue of $109.80 million for the quarter, compared to analyst estimates of $115.32 million. Royal Gold had a return on equity of 4.36% and a net margin of 22.19%. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.48 earnings per share. As a group, equities research analysts expect that Royal Gold will post 1.53 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be given a dividend of $0.265 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $1.06 annualized dividend and a yield of 1.05%. Royal Gold’s dividend payout ratio (DPR) is presently 60.23%.
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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