Royal Gold, Inc. (NASDAQ:RGLD) Receives Average Rating of “Moderate Buy” from Analysts

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) has been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $273.6364.

Several equities analysts recently issued reports on RGLD shares. Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. National Bank Financial reduced their price objective on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a report on Friday, April 17th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $330.00 price objective on shares of Royal Gold in a report on Wednesday, February 4th. UBS Group set a $325.00 price target on Royal Gold and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Finally, Scotiabank downgraded Royal Gold from a “sector outperform” rating to a “sector perform” rating and set a $335.00 price target for the company. in a research report on Monday, January 26th.

Royal Gold Stock Performance

Shares of RGLD stock opened at $218.93 on Wednesday. The stock has a fifty day moving average price of $249.06 and a 200 day moving average price of $241.48. The stock has a market cap of $18.58 billion, a PE ratio of 26.09, a P/E/G ratio of 1.83 and a beta of 0.43. Royal Gold has a 1 year low of $150.75 and a 1 year high of $306.25. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.26 and a current ratio of 3.52.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.76). The firm had revenue of $310.83 million for the quarter, compared to analyst estimates of $425.47 million. Royal Gold had a return on equity of 12.63% and a net margin of 48.59%.The business’s revenue for the quarter was up 85.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.63 earnings per share. Sell-side analysts forecast that Royal Gold will post 11.65 earnings per share for the current fiscal year.

Royal Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd were given a dividend of $0.475 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $1.90 annualized dividend and a yield of 0.9%. Royal Gold’s dividend payout ratio (DPR) is presently 22.65%.

Insider Buying and Selling

In other Royal Gold news, Director Mark Isto sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $274.83, for a total transaction of $549,660.00. Following the completion of the transaction, the director owned 20,043 shares of the company’s stock, valued at approximately $5,508,417.69. This trade represents a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Daniel Breeze sold 1,400 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $300.87, for a total value of $421,218.00. Following the transaction, the senior vice president directly owned 20,140 shares of the company’s stock, valued at $6,059,521.80. The trade was a 6.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 8,573 shares of company stock worth $2,370,831. 0.35% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Royal Gold

Hedge funds have recently bought and sold shares of the stock. Elyxium Wealth LLC purchased a new stake in shares of Royal Gold in the fourth quarter valued at $27,000. Gen Wealth Partners Inc purchased a new stake in shares of Royal Gold in the fourth quarter valued at $27,000. Scarborough Advisors LLC purchased a new stake in shares of Royal Gold in the first quarter valued at $32,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Royal Gold in the fourth quarter valued at $30,000. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Royal Gold in the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Company Profile

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.