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Morgan Stanley increased their price target on shares of Royal Gold, Inc USA) (NASDAQ:RGLD) from $77.00 to $80.00 in a research note issued on Tuesday. Morgan Stanley’s price target would indicate a potential upside of 7.05% from the company’s current price.

Separately, 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. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $70.81.

Royal Gold, Inc USA) (NASDAQ:RGLD) traded up 0.13% during mid-day trading on Tuesday, hitting $74.73. The stock had a trading volume of 1,124,703 shares. Royal Gold, Inc USA) has a 52-week low of $40.59 and a 52-week high of $77.22. The stock’s 50-day moving average is $67.97 and its 200-day moving average is $63.22. The company has a market cap of $4.866 billion and a price-to-earnings ratio of 85.39.

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.

The company also recently announced a quarterly dividend, which is scheduled for Friday, July 18th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Tuesday, July 1st.

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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