Royal Gold, Inc (RGLD) Receives Average Recommendation of “Hold” from Analysts
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.
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.
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