Royal Gold (NASDAQ:RGLD) (TSE:RGL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Saturday.

According to Zacks, “Royal Gold, Inc., together with its subsidiaries, acquires and manages precious metal streams, royalties, and similar interests. Royal Gold, Inc. acquires and manages precious metals stream and royalty interests, with a primary focus on gold. The Company’s portfolio provides investors with a unique opportunity to capture value in the precious metals sector without incurring many of the costs and risks associated with mine operations. Precious metal streams are purchase agreements with mine operators that provide, in exchange for a lump sum advance payment, the right to purchase all or a portion of one or more metals produced from a mine, at a price determined for the life of the transaction by the purchase agreement. Royal Gold is publicly traded on the NASDAQ Global Select Market under the symbol RGLD. Its principal producing stream and royalty interests on properties are located in the United States, Canada, Chile, the Dominican Republic, Ghana, and Mexico. “

Other equities research analysts have also issued research reports about the company. TheStreet upgraded Royal Gold from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. TD Securities started coverage on Royal Gold in a research note on Friday, December 8th. They set a “buy” rating on the stock. BMO Capital Markets set a $105.00 price target on Royal Gold and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Royal Bank of Canada set a $89.00 price target on Royal Gold and gave the stock a “buy” rating in a research note on Monday, October 23rd. Finally, Canaccord Genuity restated a “buy” rating and set a $114.00 price target on shares of Royal Gold in a research note on Sunday, October 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. Royal Gold currently has an average rating of “Hold” and a consensus price target of $96.71.

Shares of Royal Gold (NASDAQ:RGLD) opened at $85.56 on Friday. Royal Gold has a 52 week low of $61.00 and a 52 week high of $94.39. The firm has a market capitalization of $5,600.00, a PE ratio of 55.56, a PEG ratio of 4.72 and a beta of 0.46. The company has a current ratio of 3.92, a quick ratio of 3.73 and a debt-to-equity ratio of 0.23.

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

In related news, CFO Stefan Wenger sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was 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 SEC, which is available at this link. 1.12% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Mountain Capital Investment Advisors Inc purchased a new stake in Royal Gold in the 2nd quarter worth approximately $109,000. Quantbot Technologies LP purchased a new stake in Royal Gold in the 3rd quarter worth approximately $174,000. U S Global Investors Inc. boosted its position in Royal Gold by 333.1% in the 2nd quarter. U S Global Investors Inc. now owns 3,032 shares of the basic materials company’s stock worth $263,000 after purchasing an additional 2,332 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in Royal Gold in the 3rd quarter worth approximately $267,000. Finally, Visionary Asset Management Inc. purchased a new stake in Royal Gold in the 3rd quarter worth approximately $289,000. Institutional investors and hedge funds own 72.02% of the company’s stock.

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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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