FY2017 Earnings Estimate for Royal Gold Inc. Issued By FBR & Co (RGLD)
Royal Gold Inc. (NASDAQ:RGLD) – Research analysts at FBR & Co lowered their FY2017 earnings per share estimates for shares of Royal Gold in a research report issued to clients and investors on Tuesday. FBR & Co analyst L. Pipes now expects that the firm will post earnings per share of $1.71 for the year, down from their prior estimate of $1.76. FBR & Co has a “Hold” rating and a $80.00 price objective on the stock. FBR & Co also issued estimates for Royal Gold’s Q1 2018 earnings at $0.38 EPS, Q2 2018 earnings at $0.39 EPS, Q3 2018 earnings at $0.44 EPS and Q4 2018 earnings at $0.44 EPS.
Royal Gold (NASDAQ:RGLD) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by $0.01. Royal Gold had a negative net margin of 21.44% and a positive return on equity of 2.81%. The business earned $94.10 million during the quarter, compared to the consensus estimate of $100.62 million. During the same period in the previous year, the business posted $0.23 earnings per share. Royal Gold’s revenue was up 27.9% compared to the same quarter last year.
Other equities analysts have also recently issued reports about the stock. Dundee Securities upgraded shares of Royal Gold from a “neutral” rating to a “buy” rating and upped their price target for the company from $80.00 to $85.00 in a research report on Wednesday, July 6th. Zacks Investment Research upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research report on Thursday, June 30th. HSBC restated a “buy” rating on shares of Royal Gold in a research report on Thursday, July 7th. BMO Capital Markets upgraded shares of Royal Gold from a “market perform” rating to an “outperform” rating in a research report on Wednesday, July 6th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $84.00 price target on shares of Royal Gold in a research report on Monday, June 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. Royal Gold has a consensus rating of “Buy” and a consensus price target of $72.29.
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Shares of Royal Gold (NASDAQ:RGLD) traded up 8.16% during trading on Wednesday, reaching $84.02. 915,697 shares of the company’s stock were exchanged. Royal Gold has a 52-week low of $24.68 and a 52-week high of $87.74. The stock’s 50 day moving average price is $80.24 and its 200-day moving average price is $66.69. The stock’s market cap is $5.48 billion.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Royal Gold by 14.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,669 shares of the company’s stock valued at $120,000 after buying an additional 208 shares during the last quarter. Bellwether Investment Group LLC acquired a new position in Royal Gold during the second quarter valued at $139,000. Meeder Asset Management Inc. increased its position in Royal Gold by 199,100.0% in the second quarter. Meeder Asset Management Inc. now owns 1,992 shares of the company’s stock valued at $144,000 after buying an additional 1,991 shares during the last quarter. Cantab Capital Partners LLP acquired a new position in Royal Gold during the second quarter valued at $144,000. Finally, PNC Financial Services Group Inc. increased its position in Royal Gold by 1.0% in the second quarter. PNC Financial Services Group Inc. now owns 2,184 shares of the company’s stock valued at $157,000 after buying an additional 22 shares during the last quarter. 69.01% of the stock is currently owned by institutional investors and hedge funds.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Wednesday, September 28th. Royal Gold’s dividend payout ratio is presently -77.97%.
About Royal Gold
Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.
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