Royal Gold, Inc. (NASDAQ:RGLD) Receives Consensus Recommendation of “Hold” from Brokerages

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) has received a consensus recommendation of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $285.10.

RGLD has been the subject of a number of research reports. UBS Group upped their target price on shares of Royal Gold from $280.00 to $285.00 and gave the company a “buy” rating in a report on Friday, August 7th. Scotiabank reiterated a “sector perform” rating and set a $310.00 price target on shares of Royal Gold in a report on Tuesday, July 14th. Jefferies Financial Group cut their price target on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. Finally, Royal Bank Of Canada cut their target price on Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th.

Insiders Place Their Bets

In other Royal Gold news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $262.80, for a total value of $131,400.00. Following the completion of the sale, the senior vice president directly owned 8,082 shares in the company, valued at $2,123,949.60. The trade was a 5.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On Royal Gold

Several institutional investors have recently modified their holdings of RGLD. Goldman Sachs Group Inc. grew its stake in shares of Royal Gold by 99.5% in the first quarter. Goldman Sachs Group Inc. now owns 168,846 shares of the basic materials company’s stock valued at $27,608,000 after buying an additional 84,206 shares in the last quarter. Focus Partners Wealth raised its holdings in Royal Gold by 51.5% during the 1st quarter. Focus Partners Wealth now owns 8,465 shares of the basic materials company’s stock worth $1,384,000 after purchasing an additional 2,876 shares during the last quarter. Brown Advisory Inc. grew its stake in shares of Royal Gold by 28.9% in the 2nd quarter. Brown Advisory Inc. now owns 3,551 shares of the basic materials company’s stock worth $631,000 after acquiring an additional 796 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of Royal Gold by 43.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 188,247 shares of the basic materials company’s stock worth $33,478,000 after buying an additional 56,621 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Royal Gold by 4.6% during the 2nd quarter. NewEdge Advisors LLC now owns 24,551 shares of the basic materials company’s stock worth $4,366,000 after acquiring an additional 1,072 shares during the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Stock Up 2.5%

Shares of NASDAQ:RGLD opened at $264.85 on Friday. The company has a current ratio of 2.92, a quick ratio of 2.68 and a debt-to-equity ratio of 0.05. Royal Gold has a 12-month low of $168.88 and a 12-month high of $306.25. The stock’s 50-day moving average price is $219.27 and its 200-day moving average price is $235.81. The stock has a market capitalization of $22.44 billion, a P/E ratio of 28.91, a price-to-earnings-growth ratio of 1.94 and a beta of 0.50.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.01. Royal Gold had a return on equity of 12.06% and a net margin of 47.74%.The company had revenue of $468.98 million for the quarter, compared to analysts’ expectations of $458.85 million. During the same period last year, the firm earned $1.81 earnings per share. Royal Gold’s quarterly revenue was up 114.9% on a year-over-year basis. On average, equities analysts anticipate that Royal Gold will post 10.26 earnings per share for the current year.

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 2nd will be given a dividend of $0.475 per share. The ex-dividend date is Friday, October 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 0.7%. Royal Gold’s dividend payout ratio (DPR) is presently 20.74%.

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.