Royal Gold, Inc USA) Hits New 52-Week High Following Analyst Upgrade (RGLD)
Royal Gold, Inc USA) (NASDAQ:RGLD) shares hit a new 52-week high during trading on Thursday after RBC Capital raised their price target on the stock from C$81.00 to C$94.00, ARN reports. RBC Capital currently has an outperform rating on the stock. Royal Gold, Inc USA) traded as high as $78.99 and last traded at $78.37, with a volume of 427,550 shares. The stock had previously closed at $76.27.
A number of other firms have also recently commented on RGLD. Analysts at Morgan Stanley raised their price target on shares of Royal Gold, Inc USA) from $77.00 to $80.00 in a research note on Tuesday. Finally, 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 research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $72.71.
The stock’s 50-day moving average is $68.65 and its 200-day moving average is $63.54. The company has a market cap of $5.107 billion and a price-to-earnings ratio of 87.27.
Royal Gold, Inc USA) (NASDAQ:RGLD) last released its earnings data on Thursday, May 1st. The company reported $0.31 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was down 22.1% on a year-over-year basis. Analysts expect that Royal Gold, Inc USA) will post $1.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, July 18th. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend 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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