Royal Gold (RGLD) Set to Announce Earnings on Wednesday

Royal Gold (NASDAQ:RGLD) (TSE:RGL) will be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.90 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.20. The business had revenue of $152.70 million for the quarter, compared to the consensus estimate of $140.32 million. Royal Gold had a return on equity of 8.18% and a net margin of 39.53%. The company’s revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS. On average, analysts expect Royal Gold to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Royal Gold Stock Performance

Shares of Royal Gold stock opened at $120.13 on Wednesday. Royal Gold has a 52 week low of $100.55 and a 52 week high of $147.82. The company has a market capitalization of $7.90 billion, a PE ratio of 33.00, a price-to-earnings-growth ratio of 7.13 and a beta of 0.87. The stock’s fifty day moving average is $115.60 and its two-hundred day moving average is $115.22. The company has a quick ratio of 2.18, a current ratio of 2.31 and a debt-to-equity ratio of 0.08.

Royal Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Thursday, April 4th. Royal Gold’s payout ratio is 43.96%.

Insider Activity at Royal Gold

In other news, SVP Randy Shefman sold 500 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $113.00, for a total value of $56,500.00. Following the completion of the sale, the senior vice president now directly owns 12,127 shares in the company, valued at approximately $1,370,351. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.52% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

RGLD has been the topic of a number of recent research reports. National Bank Financial raised Royal Gold from a “sector perform” rating to an “outperform” rating in a research note on Thursday, February 15th. Cantor Fitzgerald cut Royal Gold from an “overweight” rating to a “neutral” rating in a report on Thursday, February 15th. Jefferies Financial Group assumed coverage on Royal Gold in a report on Thursday, February 29th. They set a “hold” rating and a $117.00 price objective on the stock. Finally, BMO Capital Markets raised Royal Gold from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $148.00 to $158.00 in a research report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $143.25.

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.