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Royal Gold, Inc USA) (NASDAQ:RGLD) declared a quarterly dividend on Friday, May 30th, American Banking & Market News reports. Stockholders of record on Thursday, July 3rd will be given a dividend of 0.21 per share on Friday, July 18th. This represents a $0.84 dividend on an annualized basis and a yield of 1.34%.

A number of research firms have recently commented on RGLD. Analysts at Morgan Stanley initiated coverage on shares of Royal Gold, Inc USA) in a research note on Thursday. They set an “overweight” rating and a $77.00 price target on the stock. On the ratings front, analysts at Barclays reiterated an “overweight” rating on shares of Royal Gold, Inc USA) in a research note on Friday, May 2nd. They now have a $72.00 price target on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Royal Gold, Inc USA) from $78.57 to $84.03 in a research note on Friday, March 21st. They now have an “outperform” rating on the stock. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $70.51.

Royal Gold, Inc USA) (NASDAQ:RGLD) traded up 0.92% during mid-day trading on Friday, hitting $62.72. The stock had a trading volume of 667,162 shares. Royal Gold, Inc USA) has a 1-year low of $38.63 and a 1-year high of $72.90. The stock has a 50-day moving average of $64.87 and a 200-day moving average of $58.45. The company has a market cap of $4.084 billion and a price-to-earnings ratio of 71.11.

Royal Gold, Inc USA) (NASDAQ:RGLD) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.07. The company had revenue of $57.75 million for the quarter, compared to the consensus estimate of $69.20 million. During the same quarter last year, the company posted $0.37 earnings per share. Royal Gold, Inc USA)’s revenue was down 22.1% compared to the same quarter last year. Analysts expect that Royal Gold, Inc USA) will post $1.03 EPS for the current fiscal year.

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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