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Royal Gold, Inc USA) (NASDAQ:RGLD) shares hit a new 52-week high on Friday , American Banking News.com reports. The stock traded as high as $80.25 and last traded at $79.46, with a volume of 344,425 shares. The stock had previously closed at $78.36.

Several analysts have recently commented on the stock. Analysts at Cowen and Company cut their price target on shares of Royal Gold, Inc USA) from $95.24 to $93.36 in a research note on Friday. Separately, 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. Finally, analysts at CIBC set a $80.00 price target on shares of Royal Gold, Inc USA) in a research note on Tuesday, July 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $75.37.

The stock has a 50-day moving average of $76.20 and a 200-day moving average of $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 posted its quarterly earnings results 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. 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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