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Equities researchers at Cowen and Company lowered their price target on shares of Royal Gold, Inc USA) (NASDAQ:RGLD) from $95.24 to $93.36 in a research report issued on Friday. Cowen and Company’s price objective suggests a potential upside of 17.72% from the stock’s previous close.

RGLD has been the subject of a number of other recent research reports. Analysts at HSBC downgraded shares of Royal Gold, Inc USA) from a “neutral” rating to an “underweight” rating in a research note on Friday, July 25th. They now have a $71.00 price target on the stock. Separately, analysts at CIBC set a $80.00 price target on shares of Royal Gold, Inc USA) in a research note on Tuesday, July 22nd. Finally, 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four 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 an average target price of $75.37.

Royal Gold, Inc USA) (NASDAQ:RGLD) traded up 1.21% on Friday, hitting $79.31. The stock had a trading volume of 635,015 shares. Royal Gold, Inc USA) has a 52 week low of $42.56 and a 52 week high of $80.25. The stock’s 50-day moving average is $76.20 and its 200-day moving average is $67.55. The company has a market cap of $5.122 billion and a price-to-earnings ratio of 81.62.

Royal Gold, Inc USA) (NASDAQ:RGLD) last released its earnings data on Thursday, August 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.06. The company had revenue of $70.10 million for the quarter, compared to the consensus estimate of $77.30 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. On average, analysts predict that Royal Gold, Inc USA) will post $1.03 earnings per share 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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