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.
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%.
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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