Royal Gold Q3 EPS Boosted by National Bank Financial

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) – Stock analysts at National Bank Financial boosted their Q3 2024 EPS estimates for Royal Gold in a research report issued on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now forecasts that the basic materials company will post earnings per share of $1.35 for the quarter, up from their previous forecast of $1.06. The consensus estimate for Royal Gold’s current full-year earnings is $4.86 per share. National Bank Financial also issued estimates for Royal Gold’s FY2024 earnings at $5.10 EPS and FY2025 earnings at $6.06 EPS.

Several other research firms have also commented on RGLD. BMO Capital Markets increased their target price on shares of Royal Gold from $168.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, July 10th. Cibc World Mkts upgraded Royal Gold to a “hold” rating in a research report on Wednesday, July 10th. Raymond James lifted their target price on Royal Gold from $167.00 to $170.00 and gave the stock an “outperformer” rating in a report on Friday, August 9th. Jefferies Financial Group upped their target price on Royal Gold from $141.00 to $154.00 and gave the company a “hold” rating in a report on Friday, October 4th. Finally, CIBC raised their price objective on shares of Royal Gold from $166.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $158.86.

Royal Gold Stock Down 0.5 %

Shares of RGLD stock opened at $150.34 on Friday. The stock has a 50-day simple moving average of $142.01 and a 200 day simple moving average of $133.04. The stock has a market capitalization of $9.88 billion, a P/E ratio of 44.35, a P/E/G ratio of 1.30 and a beta of 0.90. Royal Gold has a fifty-two week low of $100.55 and a fifty-two week high of $155.10.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, August 7th. The basic materials company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. Royal Gold had a return on equity of 8.74% and a net margin of 39.15%. The firm had revenue of $174.10 million during the quarter, compared to the consensus estimate of $172.12 million. During the same period in the prior year, the firm posted $0.88 earnings per share. The firm’s revenue for the quarter was up 20.9% compared to the same quarter last year.

Institutional Investors Weigh In On Royal Gold

Large investors have recently added to or reduced their stakes in the business. Fidelis Capital Partners LLC acquired a new position in shares of Royal Gold during the 1st quarter worth approximately $36,000. Compagnie Lombard Odier SCmA acquired a new position in Royal Gold in the 3rd quarter valued at $49,000. Blue Trust Inc. lifted its position in shares of Royal Gold by 108.7% during the 3rd quarter. Blue Trust Inc. now owns 409 shares of the basic materials company’s stock valued at $57,000 after acquiring an additional 213 shares during the period. Janiczek Wealth Management LLC grew its holdings in shares of Royal Gold by 321.8% during the 1st quarter. Janiczek Wealth Management LLC now owns 426 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 325 shares in the last quarter. Finally, Mather Group LLC. bought a new position in shares of Royal Gold in the second quarter worth $62,000. Institutional investors own 83.65% of the company’s stock.

Insider Transactions at Royal Gold

In other news, SVP Daniel Breeze sold 840 shares of Royal Gold stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $143.43, for a total transaction of $120,481.20. Following the transaction, the senior vice president now owns 16,842 shares in the company, valued at $2,415,648.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Paul Libner sold 1,500 shares of Royal Gold stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $142.53, for a total transaction of $213,795.00. Following the completion of the transaction, the chief financial officer now owns 18,657 shares in the company, valued at approximately $2,659,182.21. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Daniel Breeze sold 840 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $143.43, for a total value of $120,481.20. Following the completion of the sale, the senior vice president now owns 16,842 shares in the company, valued at $2,415,648.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,355 shares of company stock worth $1,170,315. 0.52% of the stock is currently owned by company insiders.

Royal Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $1.60 annualized dividend and a dividend yield of 1.06%. Royal Gold’s dividend payout ratio is currently 47.20%.

About Royal Gold

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.