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Royal Gold, Inc USA) (NASDAQ:RGLD) was downgraded by investment analysts at HSBC from a “neutral” rating to an “underweight” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports. They currently have a $71.00 price target on the stock. HSBC’s price objective would suggest a potential downside of 9.06% from the stock’s previous close.

A number of other analysts have also recently weighed in on RGLD. Analysts at CIBC set a $80.00 price target on shares of Royal Gold, Inc USA) in a research note on Tuesday. Separately, 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, July 9th. They now have an “outperform” rating on the stock. Finally, 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, July 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Royal Gold, Inc USA) currently has an average rating of “Buy” and a consensus price target of $73.52.

Royal Gold, Inc USA) (NASDAQ:RGLD) opened at 78.07 on Friday. Royal Gold, Inc USA) has a 52 week low of $42.56 and a 52 week high of $78.99. The stock’s 50-day moving average is $73.21 and its 200-day moving average is $65.76. The company has a market cap of $5.084 billion and a P/E ratio of 87.53.

Royal Gold, Inc USA) (NASDAQ:RGLD) last issued its quarterly 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 $1.03 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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