Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) had its target price increased by FBR & Co from $81.00 to $85.00 in a research note issued to investors on Wednesday. The brokerage presently has a “market perform” rating on the basic materials company’s stock. FBR & Co’s price target would suggest a potential downside of 2.68% from the stock’s current price.

Other analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Royal Gold from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research report on Wednesday, June 21st. Raymond James Financial, Inc. reiterated a “market perform” rating and issued a $88.00 target price on shares of Royal Gold in a research report on Thursday, June 15th. BidaskClub lowered shares of Royal Gold from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Scotiabank lifted their target price on shares of Royal Gold from $81.00 to $115.00 and gave the company a “sector perform” rating in a research report on Friday, May 12th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $95.00 target price on shares of Royal Gold in a research report on Friday, May 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $91.95.

Shares of Royal Gold (NASDAQ RGLD) traded up 1.82% on Wednesday, reaching $87.34. 535,170 shares of the company traded hands. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 56.35 and a beta of 0.68. The company has a 50-day moving average of $82.62 and a 200-day moving average of $74.68. Royal Gold has a 1-year low of $60.21 and a 1-year high of $88.03.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The firm had revenue of $108.90 million for the quarter, compared to analyst estimates of $108.72 million. Royal Gold had a net margin of 23.03% and a return on equity of 4.19%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.32 EPS. Analysts anticipate that Royal Gold will post $1.90 earnings per share for the current fiscal year.

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In other news, CEO Tony A. Jensen sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $85.00, for a total value of $2,125,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Stefan Wenger sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $77.05, for a total transaction of $115,575.00. The disclosure for this sale can be found here. Insiders sold a total of 30,129 shares of company stock worth $2,536,660 over the last three months. Insiders own 1.37% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Capital World Investors increased its stake in Royal Gold by 25.7% in the second quarter. Capital World Investors now owns 4,158,000 shares of the basic materials company’s stock worth $325,031,000 after buying an additional 849,900 shares during the period. Van ECK Associates Corp boosted its position in shares of Royal Gold by 15.8% in the first quarter. Van ECK Associates Corp now owns 4,901,086 shares of the basic materials company’s stock worth $343,321,000 after buying an additional 667,497 shares during the period. Vanguard Group Inc. boosted its position in shares of Royal Gold by 6.5% in the first quarter. Vanguard Group Inc. now owns 5,778,135 shares of the basic materials company’s stock worth $404,759,000 after buying an additional 355,155 shares during the period. Bank of Montreal Can boosted its position in shares of Royal Gold by 702.0% in the second quarter. Bank of Montreal Can now owns 201,972 shares of the basic materials company’s stock worth $15,788,000 after buying an additional 176,787 shares during the period. Finally, First Eagle Investment Management LLC boosted its position in shares of Royal Gold by 5.0% in the first quarter. First Eagle Investment Management LLC now owns 3,406,065 shares of the basic materials company’s stock worth $238,595,000 after buying an additional 162,884 shares during the period. 70.89% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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