Royal Gold (RGLD) PT Raised to $102.50 at National Bank Financial

Royal Gold (NASDAQ:RGLD) (TSE:RGL) had its price target upped by National Bank Financial from $100.00 to $102.50 in a research note issued on Friday. The firm presently has a “sector perform” rating on the basic materials company’s stock. National Bank Financial’s target price suggests a potential upside of 27.33% from the stock’s current price.

RGLD has been the subject of several other research reports. B. Riley reiterated a “neutral” rating on shares of Royal Gold in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Royal Gold from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Eight Capital reiterated a “neutral” rating on shares of Royal Gold in a report on Thursday, November 16th. Bank of America reduced their price target on shares of Royal Gold from $109.00 to $99.00 and set a “hold” rating for the company in a report on Thursday, December 28th. Finally, BidaskClub upgraded shares of Royal Gold from a “strong sell” rating to a “sell” rating in a report on Friday, December 22nd. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $95.46.

Shares of Royal Gold (NASDAQ:RGLD) traded down $1.63 during trading hours on Friday, reaching $80.50. 420,289 shares of the company’s stock traded hands, compared to its average volume of 638,190. Royal Gold has a 1 year low of $61.00 and a 1 year high of $94.39. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.92 and a quick ratio of 3.73. The company has a market capitalization of $5,281.51, a P/E ratio of 90.63, a PEG ratio of 4.68 and a beta of 0.61.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Thursday, February 8th. The basic materials company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). Royal Gold had a net margin of 13.00% and a return on equity of 4.30%. The firm had revenue of $114.35 million during the quarter, compared to the consensus estimate of $114.79 million. During the same period in the previous year, the company posted $0.36 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. equities analysts forecast that Royal Gold will post 1.73 earnings per share for the current year.

In related news, CFO Stefan Wenger sold 1,500 shares of the stock in a transaction on Thursday, January 11th. 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 4,500 shares of company stock valued at $387,750 in the last 90 days. 1.12% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. QS Investors LLC boosted its holdings in Royal Gold by 0.4% during the second quarter. QS Investors LLC now owns 3,561 shares of the basic materials company’s stock worth $278,000 after purchasing an additional 13 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Royal Gold by 4.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,427 shares of the basic materials company’s stock worth $580,000 after purchasing an additional 311 shares during the last quarter. Sei Investments Co. boosted its holdings in Royal Gold by 6.0% during the third quarter. Sei Investments Co. now owns 10,583 shares of the basic materials company’s stock worth $910,000 after purchasing an additional 601 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Royal Gold by 18.8% during the third quarter. Janney Montgomery Scott LLC now owns 3,898 shares of the basic materials company’s stock worth $335,000 after purchasing an additional 618 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in Royal Gold by 3.6% during the second quarter. Voya Investment Management LLC now owns 20,769 shares of the basic materials company’s stock worth $1,624,000 after purchasing an additional 716 shares during the last quarter. Institutional investors and hedge funds own 71.96% 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.

Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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