Royal Gold (NASDAQ:RGLD) (TSE:RGL) was upgraded by stock analysts at Canaccord Genuity from a “hold” rating to a “buy” rating in a research report issued on Thursday.
RGLD has been the subject of several other research reports. Royal Bank of Canada set a $89.00 target price on shares of Royal Gold and gave the stock a “buy” rating in a research note on Monday, October 23rd. Zacks Investment Research upgraded shares of Royal Gold from a “hold” rating to a “strong-buy” rating and set a $94.00 target price for the company in a research note on Wednesday, December 6th. TD Securities decreased their target price on shares of Royal Gold from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, December 29th. Eight Capital reiterated a “neutral” rating on shares of Royal Gold in a research note on Thursday, November 16th. Finally, BMO Capital Markets set a $105.00 price objective on shares of Royal Gold and gave the company a “buy” rating in a research report on Tuesday, November 14th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Royal Gold has an average rating of “Hold” and a consensus target price of $95.46.
Royal Gold (NASDAQ:RGLD) traded down $1.17 during midday trading on Thursday, reaching $80.96. 729,019 shares of the company’s stock traded hands, compared to its average volume of 733,201. The company has a quick ratio of 3.73, a current ratio of 3.98 and a debt-to-equity ratio of 0.21. Royal Gold has a one year low of $61.00 and a one year high of $94.39. The firm has a market capitalization of $5,300.00, a P/E ratio of 92.00, a PEG ratio of 4.69 and a beta of 0.61.
In related news, CFO Stefan Wenger sold 1,500 shares of the firm’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $85.00, for a total value of $127,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 4,500 shares of company stock valued at $387,750. 1.12% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the business. Mountain Capital Investment Advisors Inc purchased a new position in Royal Gold in the second quarter valued at about $109,000. Keeler Thomas Management LLC purchased a new position in Royal Gold in the fourth quarter valued at about $118,000. Exane Derivatives increased its holdings in Royal Gold by 4,900.0% in the fourth quarter. Exane Derivatives now owns 1,500 shares of the basic materials company’s stock valued at $123,000 after buying an additional 1,470 shares in the last quarter. Quantbot Technologies LP purchased a new position in Royal Gold in the third quarter valued at about $174,000. Finally, Squar Milner Financial Services LLC purchased a new position in Royal Gold in the fourth quarter valued at about $212,000. 71.96% of the stock is owned by institutional investors.
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About Royal Gold
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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