Royal Gold (RGLD) Upgraded at Canaccord Genuity

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.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its earnings results on Thursday, February 8th. The basic materials company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). Royal Gold had a return on equity of 4.31% and a net margin of 13.00%. The business had revenue of $114.35 million for the quarter, compared to analyst estimates of $114.79 million. During the same quarter last year, the company posted $0.36 EPS. Royal Gold’s quarterly revenue was up 6.9% on a year-over-year basis. sell-side analysts anticipate 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 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.

Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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