Investment analysts at TD Securities initiated coverage on shares of Royal Gold (NASDAQ:RGLD) (TSE:RGL) in a report issued on Friday, The Fly reports. The firm set a “buy” rating on the basic materials company’s stock.

Other research analysts have also issued reports about the company. TheStreet raised Royal Gold from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. Royal Bank Of Canada set a $89.00 price target on Royal Gold and gave the company a “buy” rating in a report on Monday, October 23rd. Canaccord Genuity reissued a “buy” rating and set a $114.00 price target on shares of Royal Gold in a report on Sunday, October 22nd. BMO Capital Markets reissued a “buy” rating and set a $95.00 price target on shares of Royal Gold in a report on Wednesday, September 6th. Finally, Zacks Investment Research raised Royal Gold from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $96.28.

Shares of Royal Gold (NASDAQ RGLD) traded up $1.36 on Friday, hitting $83.15. The stock had a trading volume of 425,201 shares, compared to its average volume of 532,123. The firm has a market capitalization of $5,329.94, a price-to-earnings ratio of 55.40, a price-to-earnings-growth ratio of 4.62 and a beta of 0.46. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.92 and a quick ratio of 3.73. Royal Gold has a 52 week low of $60.21 and a 52 week high of $94.39.

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

In related news, CFO Stefan Wenger sold 1,500 shares of Royal Gold stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $85.88, for a total transaction of $128,820.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.12% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Arcadia Investment Management Corp MI acquired a new position in shares of Royal Gold in the 2nd quarter valued at $104,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of Royal Gold in the 2nd quarter valued at $109,000. Almanack Investment Partners LLC. acquired a new position in shares of Royal Gold in the 2nd quarter valued at $109,000. MUFG Americas Holdings Corp acquired a new position in shares of Royal Gold in the 2nd quarter valued at $117,000. Finally, KBC Group NV acquired a new position in shares of Royal Gold in the 2nd quarter valued at $142,000. 72.04% of the stock is currently owned by hedge funds and other institutional investors.

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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.

The Fly

Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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