Royal Gold, Inc. (RGLD) Set to Announce Earnings on Wednesday
Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) is scheduled to release its earnings data before the market opens on Wednesday, November 1st. Analysts expect Royal Gold to post earnings of $0.42 per share for the quarter.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, missing the 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 firm 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 company posted $0.32 EPS. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, analysts expect Royal Gold to post $1.48 EPS for the current fiscal year and $1.6 EPS for the next fiscal year.
Royal Gold, Inc. (NASDAQ:RGLD) opened at 86.39 on Wednesday. The firm has a market cap of $5.64 billion, a P/E ratio of 55.74 and a beta of 0.57. Royal Gold, Inc. has a 12-month low of $60.21 and a 12-month high of $94.39. The firm’s 50-day moving average price is $88.92 and its 200 day moving average price is $82.10.
The business also recently announced a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were given a $0.24 dividend. The ex-dividend date was Thursday, October 5th. This represents a $0.96 dividend on an annualized basis and a yield of 1.11%. Royal Gold’s dividend payout ratio is currently 61.54%.
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In other news, CFO Stefan Wenger sold 1,500 shares of Royal Gold stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $85.88, for a total transaction of $128,820.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman William M. Hayes sold 10,850 shares of Royal Gold stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $86.35, for a total transaction of $936,897.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 80,216 shares of company stock worth $7,058,788. 1.12% of the stock is owned by company insiders.
A number of analysts have weighed in on RGLD shares. Zacks Investment Research lowered shares of Royal Gold from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Canaccord Genuity restated a “buy” rating and issued a $113.00 target price on shares of Royal Gold in a research report on Sunday, October 1st. Royal Bank Of Canada set a $89.00 target price on shares of Royal Gold and gave the company a “buy” rating in a research report on Monday. BidaskClub upgraded shares of Royal Gold from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Finally, Macquarie lowered shares of Royal Gold from an “outperform” rating to a “neutral” rating in a research report on Wednesday, July 12th. One equities 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 given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $93.32.
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.
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