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Shares of Royal Gold, Inc USA) (NASDAQ:RGLD) have earned an average rating of “Buy” from the fourteen ratings firms that are presently covering the company, AnalystRatingsNetwork reports. Five analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $72.71.

Shares of Royal Gold, Inc USA) (NASDAQ:RGLD) opened at 78.35 on Tuesday. Royal Gold, Inc USA) has a 1-year low of $41.40 and a 1-year high of $78.99. The stock has a 50-day moving average of $69. and a 200-day moving average of $63.88. The company has a market cap of $5.102 billion and a price-to-earnings ratio of 86.42.

Royal Gold, Inc USA) (NASDAQ:RGLD) last announced its 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. On average, analysts predict that Royal Gold, Inc USA) will post $1.04 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, July 18th. Investors 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 1.07%. The ex-dividend date is Tuesday, July 1st.

A number of analysts have recently weighed in on RGLD shares. Analysts at RBC Capital raised their price target on shares of Royal Gold, Inc USA) from C$81.00 to C$94.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Separately, 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 Morgan Stanley initiated coverage on shares of Royal Gold, Inc USA) in a research note on Thursday, May 29th. They set an “overweight” rating and a $77.00 price target on the stock.

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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