Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity in a research note issued on Sunday. They presently have a $114.00 price objective on the basic materials company’s stock. Canaccord Genuity’s target price would indicate a potential upside of 31.43% from the stock’s previous close.

Several other equities research analysts also recently weighed in on RGLD. BMO Capital Markets reaffirmed a “buy” rating and set a $95.00 price target on shares of Royal Gold in a report on Thursday, June 29th. Zacks Investment Research downgraded Royal Gold from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. BidaskClub raised Royal Gold from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Macquarie downgraded Royal Gold from an “outperform” rating to a “neutral” rating in a report on Wednesday, July 12th. Finally, National Bank Financial increased their price target on Royal Gold from $82.50 to $92.50 and gave the stock a “sector perform” rating in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Royal Gold currently has a consensus rating of “Buy” and an average target price of $92.77.

Royal Gold (NASDAQ RGLD) traded down 1.11% on Friday, hitting $86.74. The stock had a trading volume of 352,395 shares. Royal Gold has a 12-month low of $60.21 and a 12-month high of $94.39. The company has a 50 day moving average of $89.17 and a 200 day moving average of $81.73. The company has a market capitalization of $5.68 billion, a PE ratio of 55.25 and a beta of 0.57.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.02). Royal Gold had a return on equity of 4.19% and a net margin of 23.03%. The company had revenue of $108.90 million for the quarter, compared to analyst estimates of $108.72 million. During the same period in the prior year, the business earned $0.32 earnings per share. Royal Gold’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, equities analysts expect that Royal Gold will post $1.81 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This piece was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this piece on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/22/royal-gold-inc-rgld-rating-reiterated-by-canaccord-genuity.html.

In other news, VP Bruce Christopher Kirchhoff sold 28,805 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $86.28, for a total value of $2,485,295.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tony A. Jensen sold 25,000 shares of the firm’s stock in a transaction 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 106,345 shares of company stock valued at $9,279,753. Company insiders own 1.12% of the company’s stock.

Several hedge funds have recently made changes to their positions in RGLD. Neuberger Berman Group LLC increased its position in shares of Royal Gold by 21.6% in the first quarter. Neuberger Berman Group LLC now owns 11,683 shares of the basic materials company’s stock valued at $818,000 after buying an additional 2,075 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Royal Gold by 204.2% in the first quarter. Wellington Management Group LLP now owns 12,958 shares of the basic materials company’s stock valued at $908,000 after buying an additional 8,699 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Royal Gold by 2.4% in the first quarter. Teachers Advisors LLC now owns 143,373 shares of the basic materials company’s stock valued at $10,043,000 after buying an additional 3,359 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Royal Gold by 2.3% in the first quarter. PNC Financial Services Group Inc. now owns 9,312 shares of the basic materials company’s stock valued at $652,000 after buying an additional 209 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of Royal Gold by 56.1% in the first quarter. Legal & General Group Plc now owns 66,564 shares of the basic materials company’s stock valued at $4,662,000 after buying an additional 23,935 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.

Royal Gold Company Profile

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)

Receive News & Ratings for Royal Gold Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Gold Inc. and related companies with MarketBeat.com's FREE daily email newsletter.