Royal Gold Receives New Coverage from Analysts at Barclays Capital (RGLD)
Barclays Capital initiated coverage on shares of Royal Gold (NASDAQ:RGLD) in a research note issued on Thursday, AnalystRatingsNetwork.com reports. The firm set an “overweight” rating on the stock.
Royal Gold (NASDAQ:RGLD) traded up 1.88% on Thursday, hitting $47.76. The stock had a trading volume of 106,461 shares. Royal Gold has a 1-year low of $38.63 and a 1-year high of $92.00. The stock’s 50-day moving average is $53.59 and its 200-day moving average is $53.24. The company has a market cap of $3.107 billion and a price-to-earnings ratio of 43.01.
Royal Gold (NASDAQ:RGLD) last announced its earnings results 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. Analysts expect that Royal Gold will post $1.45 EPS 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 1.71%. The ex-dividend date of this dividend is Wednesday, October 2nd.
A number of other firms have also recently commented on RGLD. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Royal Gold in a research note to investors on Friday, September 20th. They set a “neutral” rating and a $62.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research note to investors on Friday, August 30th. Finally, analysts at Zacks upgraded shares of Royal Gold 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. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $68.54.
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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