Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) has received an average rating of “Hold” from the fifteen analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $96.28.

A number of research firms have recently issued reports on RGLD. B. Riley reiterated a “neutral” rating on shares of Royal Gold in a report on Wednesday, November 1st. TD Securities began coverage on shares of Royal Gold in a report on Friday, December 8th. They issued a “buy” rating on the stock. Zacks Investment Research upgraded shares of Royal Gold from a “hold” rating to a “strong-buy” rating and set a $94.00 price objective on the stock in a report on Wednesday, December 6th. Canaccord Genuity reiterated a “buy” rating and issued a $113.00 price objective on shares of Royal Gold in a report on Sunday, October 1st. Finally, BidaskClub downgraded shares of Royal Gold from a “sell” rating to a “strong sell” rating in a report on Saturday, December 2nd.

In related news, CFO Stefan Wenger sold 1,500 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $85.00, for a total transaction of $127,500.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 4,500 shares of company stock worth $383,820. 1.12% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of RGLD. Mountain Capital Investment Advisors Inc acquired a new position in Royal Gold during the second quarter worth $109,000. Almanack Investment Partners LLC. acquired a new position in shares of Royal Gold in the second quarter valued at $109,000. MUFG Americas Holdings Corp acquired a new position in shares of Royal Gold in the second quarter valued at $117,000. KBC Group NV acquired a new position in shares of Royal Gold in the second quarter valued at $142,000. Finally, US Bancorp DE increased its holdings in shares of Royal Gold by 6.4% in the second quarter. US Bancorp DE now owns 2,120 shares of the basic materials company’s stock valued at $166,000 after purchasing an additional 127 shares during the last quarter. Institutional investors and hedge funds own 72.04% of the company’s stock.

Shares of Royal Gold (NASDAQ RGLD) opened at $84.64 on Friday. The company has a quick ratio of 3.73, a current ratio of 3.92 and a debt-to-equity ratio of 0.23. Royal Gold has a fifty-two week low of $60.21 and a fifty-two week high of $94.39. The stock has a market cap of $5,480.00, a P/E ratio of 56.76, a PEG ratio of 4.73 and a beta of 0.46.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Friday, January 5th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.18%. This is an increase from Royal Gold’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, January 4th. Royal Gold’s payout ratio is presently 62.34%.

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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.

Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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