Royal Gold Lowered to “Outperform” at Raymond James (RGLD)
Royal Gold (NASDAQ:RGLD) was downgraded by investment analysts at Raymond James from a “strong-buy” rating to an “outperform” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports.
Shares of Royal Gold (NASDAQ:RGLD) traded up 0.73% on Tuesday, hitting $67.30. 1,106,775 shares of the company’s stock traded hands. Royal Gold has a 52 week low of $38.63 and a 52 week high of $71.46. The stock’s 50-day moving average is $54.59 and its 200-day moving average is $51.48. The company has a market cap of $4.382 billion and a price-to-earnings ratio of 100.62.
Royal Gold (NASDAQ:RGLD) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.16 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.23 by $0.07. The company had revenue of $52.79 million for the quarter, compared to the consensus estimate of $64.70 million. During the same quarter last year, the company posted $0.42 earnings per share. On average, analysts predict that Royal Gold will post $1.02 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Royal Gold from an “underperform” rating to a “neutral” rating in a research note on Wednesday, February 12th. They now have a $66.20 price target on the stock. Separately, analysts at MLV Capital downgraded shares of Royal Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, February 12th. They now have a $65.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at TheStreet upgraded shares of Royal Gold from a “hold” rating to a “buy” rating in a research note on Monday, January 27th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Royal Gold presently has an average rating of “Buy” and an average price target of $66.18.
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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