Royal Gold (NASDAQ:RGLD) (TSE:RGL) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday. The firm currently has a $94.00 target price on the basic materials company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 15.10% from the stock’s current price.

According to Zacks, “Royal Gold, Inc. is engaged in the acquisition and management of precious metals royalties. They seek to acquire existing royalties or to finance projects that are in production or near production in exchange for royalty interests. They also explore and develop properties thought to contain precious metals and seek to obtain royalty and other carried ownership interests in these properties through the subsequent transfer of operating interests to other mining companies. “

RGLD has been the topic of several other reports. B. Riley reissued a “neutral” rating on shares of Royal Gold in a research note on Wednesday, November 1st. Eight Capital reissued a “neutral” rating on shares of Royal Gold in a research note on Thursday, November 16th. National Bank Financial raised their target price 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. BidaskClub cut Royal Gold from a “sell” rating to a “strong sell” rating in a research note on Saturday. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Royal Gold in a research note on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $96.28.

Shares of Royal Gold (RGLD) opened at $81.67 on Wednesday. The company has a quick ratio of 3.73, a current ratio of 3.92 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $5,423.54, a PE ratio of 56.37, a P/E/G ratio of 4.70 and a beta of 0.46. Royal Gold has a 12 month low of $60.21 and a 12 month high of $94.39.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its earnings results on Wednesday, November 1st. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.07. The company had revenue of $112.50 million for the quarter, compared to analysts’ expectations of $112.43 million. Royal Gold had a return on equity of 4.12% and a net margin of 23.06%. Royal Gold’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. analysts predict that Royal Gold will post 1.76 EPS for the current fiscal year.

In other Royal Gold news, CFO Stefan Wenger sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $85.00, for a total value of $127,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.12% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Arcadia Investment Management Corp MI purchased a new stake in Royal Gold in the second quarter worth about $104,000. Almanack Investment Partners LLC. purchased a new position in shares of Royal Gold during the second quarter valued at approximately $109,000. Mountain Capital Investment Advisors Inc purchased a new position in shares of Royal Gold during the second quarter valued at approximately $109,000. MUFG Americas Holdings Corp purchased a new position in shares of Royal Gold during the second quarter valued at approximately $117,000. Finally, KBC Group NV purchased a new position in shares of Royal Gold during the second quarter valued at approximately $142,000. Institutional investors and hedge funds own 72.04% of the company’s stock.

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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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Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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