Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL)‘s stock had its “outperform” rating restated by analysts at Royal Bank Of Canada in a report released on Thursday.

A number of other brokerages have also recently commented on RGLD. BMO Capital Markets restated a “buy” rating and set a $95.00 price objective on shares of Royal Gold in a research note on Wednesday. Canaccord Genuity restated a “buy” rating and set a $105.00 price objective (up previously from $99.00) on shares of Royal Gold in a research note on Thursday, August 10th. FBR & Co boosted their price objective on Royal Gold from $81.00 to $85.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 16th. National Bank Financial boosted their price objective on Royal Gold from $82.50 to $92.50 and gave the stock a “sector perform” rating in a research note on Thursday, August 10th. Finally, Zacks Investment Research cut Royal Gold from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Royal Gold currently has a consensus rating of “Buy” and an average price target of $91.95.

Royal Gold (NASDAQ:RGLD) traded up 0.79% during midday trading on Thursday, reaching $92.98. The company’s stock had a trading volume of 545,604 shares. Royal Gold has a 1-year low of $60.21 and a 1-year high of $94.39. The company has a market capitalization of $6.08 billion, a P/E ratio of 59.99 and a beta of 0.63. The company has a 50 day moving average of $87.35 and a 200-day moving average of $76.72.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.02. The company had revenue of $108.90 million for the quarter, compared to analyst estimates of $108.72 million. Royal Gold had a return on equity of 4.19% and a net margin of 23.03%. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.32 EPS. Equities research analysts anticipate that Royal Gold will post $1.79 earnings per share for the current fiscal year.

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In related news, VP Karli S. Anderson sold 2,262 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $91.45, for a total value of $206,859.90. Following the transaction, the vice president now owns 20,081 shares in the company, valued at $1,836,407.45. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Stefan Wenger sold 1,500 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $77.05, for a total value of $115,575.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,845 shares of company stock worth $9,306,508. Insiders own 1.37% of the company’s stock.

A number of institutional investors have recently made changes to their positions in RGLD. Russell Investments Group Ltd. increased its holdings in Royal Gold by 4.8% in the first quarter. Russell Investments Group Ltd. now owns 233,974 shares of the basic materials company’s stock valued at $16,390,000 after buying an additional 10,754 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Royal Gold by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 22,975 shares of the basic materials company’s stock valued at $1,609,000 after buying an additional 300 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in Royal Gold by 99.6% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 11,222 shares of the basic materials company’s stock valued at $786,000 after buying an additional 5,601 shares during the last quarter. State Treasurer State of Michigan increased its holdings in Royal Gold by 0.8% in the first quarter. State Treasurer State of Michigan now owns 26,500 shares of the basic materials company’s stock valued at $1,856,000 after buying an additional 200 shares during the last quarter. Finally, Tyers Asset Management LLC increased its holdings in Royal Gold by 6.2% in the first quarter. Tyers Asset Management LLC now owns 2,884 shares of the basic materials company’s stock valued at $202,000 after buying an additional 168 shares during the last quarter. 70.43% of the stock is owned by hedge funds and other institutional investors.

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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