Royal Gold Receives New Coverage from Analysts at Goldman Sachs Group Inc. (RGLD)
Stock analysts at Goldman Sachs Group Inc. started coverage on shares of Royal Gold (NASDAQ:RGLD) in a report issued on Friday, AnalystRatings.Net reports. The firm set a “neutral” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet upgraded shares of Royal Gold (NASDAQ:RGLD) from a “hold” rating to a “buy” rating in a research note to investors on Friday, August 30th. Separately, analysts at Zacks upgraded shares of Royal Gold (NASDAQ:RGLD) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 21st. They now have a $63.30 price target on the stock. Finally, analysts at UBS AG downgraded shares of Royal Gold (NASDAQ:RGLD) from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, August 20th.
Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $69.48.
Royal Gold (NASDAQ:RGLD) opened at 54.33 on Friday. Royal Gold has a 1-year low of $38.63 and a 1-year high of $100.84. The stock has a 50-day moving average of $56.35 and a 200-day moving average of $55.17. The company has a market cap of $3.534 billion and a P/E ratio of 49.84.
Royal Gold (NASDAQ:RGLD) last released its earnings data on Thursday, August 8th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was down 4.7% on a year-over-year basis. On average, analysts predict that Royal Gold will post $1.50 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 18th. Investors of record on Friday, October 4th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Wednesday, October 2nd.
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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