Royal Gold Lowered to “Neutral” at UBS AG (RGLD)
Royal Gold (NASDAQ:RGLD) was downgraded by UBS AG from a “buy” rating to a “neutral” rating in a research note issued on Tuesday, Analyst Ratings.Net reports.
Shares of Royal Gold (NASDAQ:RGLD) traded up 1.49% on Tuesday, hitting $64.90. 625,352 shares of the company’s stock traded hands. Royal Gold has a one year low of $38.63 and a one year high of $100.84. The stock’s 50-day moving average is $51.01 and its 200-day moving average is $56.8. The company has a market cap of $4.221 billion and a price-to-earnings ratio of 58.67.
Royal Gold (NASDAQ:RGLD) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.16 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.27 by $0.11. The company had revenue of $57.30 million for the quarter, compared to the consensus estimate of $64.06 million. During the same quarter last year, the company posted $0.34 earnings per share. Royal Gold’s revenue was down 4.7% compared to the same quarter last year. On average, analysts predict that Royal Gold will post $1.53 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at BB&T Corp. downgraded shares of Royal Gold from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, August 20th. They noted that the move was a valuation call. Separately, analysts at MLV Capital cut their price target on shares of Royal Gold from $80.00 to $70.00 in a research note to investors on Friday, August 9th. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital upgraded shares of Royal Gold from a “sector perform” rating to an “outperform” rating in a research note to investors on Friday, August 9th. They now have a $75.00 price target on the stock, up previously from $71.00.
Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $71.79.
Royal Gold, Inc (NASDAQ:RGLD) together with its subsidiaries, is engaged in the business of acquiring and managing precious metals royalties and similar interests.
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