Royal Gold (NASDAQ:RGLD) Upgraded to Hold at BMO Capital Markets

Royal Gold (NASDAQ:RGLD) (TSE:RGL) was upgraded by investment analysts at BMO Capital Markets to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

RGLD has been the topic of several other research reports. Royal Bank of Canada cut their price target on Royal Gold from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, April 4th. Scotiabank raised shares of Royal Gold from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $166.00 to $189.00 in a report on Monday. Raymond James boosted their target price on shares of Royal Gold from $181.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, April 4th. Finally, Jefferies Financial Group upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and upped their target price for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Royal Gold has an average rating of “Moderate Buy” and an average price target of $178.00.

Royal Gold Price Performance

Royal Gold stock opened at $186.45 on Tuesday. Royal Gold has a 12 month low of $118.00 and a 12 month high of $191.22. The company has a fifty day moving average price of $156.81 and a two-hundred day moving average price of $147.34. The company has a market cap of $12.27 billion, a PE ratio of 36.99, a P/E/G ratio of 3.42 and a beta of 0.77.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.46 by $0.17. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. Equities research analysts anticipate that Royal Gold will post 6.2 earnings per share for the current year.

Insider Buying and Selling

In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $154.98, for a total transaction of $201,474.00. Following the completion of the transaction, the senior vice president now directly owns 9,360 shares of the company’s stock, valued at approximately $1,450,612.80. This trade represents a 12.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is owned by corporate insiders.

Institutional Trading of Royal Gold

Several institutional investors have recently modified their holdings of the company. Exchange Traded Concepts LLC acquired a new position in Royal Gold during the fourth quarter worth about $25,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Royal Gold in the 4th quarter worth approximately $42,000. Jones Financial Companies Lllp lifted its stake in Royal Gold by 390.7% during the fourth quarter. Jones Financial Companies Lllp now owns 368 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 293 shares during the last quarter. IFP Advisors Inc boosted its holdings in Royal Gold by 66.7% during the fourth quarter. IFP Advisors Inc now owns 395 shares of the basic materials company’s stock worth $52,000 after buying an additional 158 shares in the last quarter. Finally, Human Investing LLC acquired a new position in Royal Gold in the fourth quarter worth approximately $73,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.