Royal Gold Price Target Lowered to $73.90 at HSBC (RGLD)
HSBC cut their price target on shares of Royal Gold (NASDAQ:RGLD) from $74.30 to $73.90 in a research note issued on Friday, Stock Ratings Network.com reports. The firm currently has an “overweight” rating on the stock. HSBC’s price objective indicates a potential upside of 53.77% from the stock’s previous close.
Shares of Royal Gold (NASDAQ:RGLD) traded up 0.04% on Friday, hitting $48.06. 806,064 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 $49.66 and its 200-day moving average is $51.38. The company has a market cap of $3.126 billion and a price-to-earnings ratio of 44.07.
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 $1.47 earnings per share for the current fiscal year.
RGLD has been the subject of a number of other recent research reports. Analysts at Barclays initiated coverage on shares of Royal Gold in a research note to investors on Thursday, October 10th. They set an “overweight” rating and a $67.00 price target on the stock. Separately, 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. Finally, 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. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Royal Gold currently has a consensus rating of “Buy” and an average target price of $68.08.
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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