Royal Gold, Inc (RGLD) Given Consensus Recommendation of “Hold” by Analysts

Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) has received an average recommendation of “Hold” from the seventeen ratings firms that are currently covering the stock, Marketbeat.com reports. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $94.68.

Several equities analysts have weighed in on RGLD shares. Royal Bank of Canada set a $89.00 price objective on Royal Gold and gave the company a “buy” rating in a report on Monday, October 23rd. Zacks Investment Research raised Royal Gold from a “hold” rating to a “strong-buy” rating and set a $94.00 price objective for the company in a report on Wednesday, December 6th. TD Securities reduced their price objective on Royal Gold from $110.00 to $105.00 and set a “buy” rating for the company in a report on Friday, December 29th. Canaccord Genuity lowered Royal Gold from a “buy” rating to a “hold” rating and reduced their price objective for the company from $109.00 to $99.00 in a report on Thursday, December 28th. Finally, Eight Capital reissued a “neutral” rating on shares of Royal Gold in a report on Thursday, November 16th.

In other news, CFO Stefan Wenger sold 1,500 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $88.50, for a total value of $132,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 4,500 shares of company stock valued at $387,750 over the last ninety days. Corporate insiders own 1.12% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. First Eagle Investment Management LLC boosted its holdings in shares of Royal Gold by 1.7% in the third quarter. First Eagle Investment Management LLC now owns 3,537,990 shares of the basic materials company’s stock worth $304,409,000 after acquiring an additional 58,541 shares during the period. St. James Investment Company LLC raised its position in shares of Royal Gold by 1.4% in the third quarter. St. James Investment Company LLC now owns 889,365 shares of the basic materials company’s stock worth $76,521,000 after buying an additional 12,458 shares in the last quarter. Gabelli Funds LLC raised its position in shares of Royal Gold by 2.2% in the fourth quarter. Gabelli Funds LLC now owns 684,700 shares of the basic materials company’s stock worth $56,228,000 after buying an additional 15,000 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Royal Gold by 6.0% in the third quarter. Dimensional Fund Advisors LP now owns 684,332 shares of the basic materials company’s stock worth $58,882,000 after buying an additional 38,500 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Royal Gold by 1.3% in the third quarter. Principal Financial Group Inc. now owns 298,458 shares of the basic materials company’s stock worth $25,679,000 after buying an additional 3,806 shares in the last quarter. 71.91% of the stock is owned by hedge funds and other institutional investors.

Royal Gold (NASDAQ RGLD) opened at $87.24 on Friday. Royal Gold has a twelve month low of $61.00 and a twelve month high of $94.39. The firm has a market capitalization of $5,600.00, a price-to-earnings ratio of 56.65, a price-to-earnings-growth ratio of 5.05 and a beta of 0.61. 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 announced its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.44 earnings per share for the quarter, beating the 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 during the quarter, compared to analyst estimates of $112.43 million. During the same period in the prior year, the company earned $0.46 earnings per share. Royal Gold’s revenue was down 4.7% compared to the same quarter last year. equities research analysts predict that Royal Gold will post 1.76 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 19th. Stockholders of record on Friday, January 5th were issued a $0.25 dividend. This is a positive change from Royal Gold’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, January 4th. Royal Gold’s dividend payout ratio (DPR) is presently 64.94%.

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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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