Royal Gold (NASDAQ:RGLD) Reaches New 1-Year Low at $99.17

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $99.17 and last traded at $99.17, with a volume of 17410 shares. The stock had previously closed at $100.23.

A number of equities analysts have recently commented on the stock. Raymond James set a $146.00 price target on shares of Royal Gold and gave the stock an “outperform” rating in a report on Friday, July 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a $117.21 price target on shares of Royal Gold in a report on Monday, July 26th. National Bank Financial decreased their price target on shares of Royal Gold from C$160.00 to C$155.00 and set a “sector perform” rating on the stock in a report on Friday, September 10th. KeyCorp assumed coverage on shares of Royal Gold in a report on Friday. They issued a “sector weight” rating on the stock. Finally, TD Securities decreased their price target on shares of Royal Gold from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, August 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $139.15.

The company has a market cap of $6.50 billion, a PE ratio of 21.79, a PEG ratio of 2.70 and a beta of 0.61. The stock’s 50 day moving average price is $112.27 and its 200-day moving average price is $114.61.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings results on Wednesday, August 11th. The basic materials company reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.11. The business had revenue of $168.03 million during the quarter, compared to analysts’ expectations of $168.85 million. Royal Gold had a net margin of 49.12% and a return on equity of 9.79%. Equities analysts forecast that Royal Gold, Inc. will post 4.02 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Friday, October 1st will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, September 30th. This represents a $1.20 annualized dividend and a yield of 1.21%. Royal Gold’s payout ratio is currently 33.43%.

In other Royal Gold news, CFO Paul Libner sold 921 shares of the company’s stock in a transaction on Friday, August 27th. The shares were sold at an average price of $112.58, for a total value of $103,686.18. Following the completion of the transaction, the chief financial officer now directly owns 15,198 shares in the company, valued at approximately $1,710,990.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Randy Shefman sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 31st. The stock was sold at an average price of $111.19, for a total transaction of $111,190.00. Following the completion of the transaction, the vice president now owns 8,006 shares of the company’s stock, valued at $890,187.14. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in Royal Gold by 2.1% during the 1st quarter. BlackRock Inc. now owns 6,702,619 shares of the basic materials company’s stock valued at $721,337,000 after purchasing an additional 137,658 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Royal Gold by 3.1% during the 2nd quarter. Van ECK Associates Corp now owns 3,486,057 shares of the basic materials company’s stock valued at $397,759,000 after acquiring an additional 105,508 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Royal Gold by 30.9% during the 1st quarter. First Eagle Investment Management LLC now owns 3,476,354 shares of the basic materials company’s stock valued at $374,125,000 after acquiring an additional 821,293 shares during the last quarter. State Street Corp boosted its holdings in shares of Royal Gold by 9.3% during the 2nd quarter. State Street Corp now owns 2,497,354 shares of the basic materials company’s stock valued at $284,948,000 after acquiring an additional 212,328 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in shares of Royal Gold by 1.2% during the 2nd quarter. Morgan Stanley now owns 2,460,285 shares of the basic materials company’s stock valued at $280,720,000 after acquiring an additional 29,307 shares during the last quarter. Institutional investors own 79.30% of the company’s stock.

Royal Gold Company Profile (NASDAQ:RGLD)

Royal Gold, Inc engages in the acquisition and management of metal streams, royalties, and similar interests. It operates through the following segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. The Acquisition and Management of Stream Interests segment involves in the purchase agreement that provides, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals.

Further Reading: What is the Stochastic Momentum Index (SMI)?

Receive News & Ratings for Royal Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Gold and related companies with MarketBeat.com's FREE daily email newsletter.