Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) – Equities research analysts at National Bank Financial raised their FY2019 earnings per share estimates for shares of Royal Gold in a research report issued on Thursday. National Bank Financial analyst S. Nagle now anticipates that the basic materials company will earn $2.00 per share for the year, up from their previous estimate of $1.93. National Bank Financial currently has a “Sector Perform” rating and a $102.50 target price on the stock.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last announced its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.41 earnings per share (EPS) 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 firm had revenue of $114.35 million during the quarter, compared to analysts’ expectations of $114.79 million. During the same quarter in the previous year, the business earned $0.36 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year.
Royal Gold (NASDAQ RGLD) opened at $80.96 on Monday. Royal Gold has a 12 month low of $61.00 and a 12 month high of $94.39. The stock has a market capitalization of $5,299.26, a PE ratio of 92.00, a PEG ratio of 4.69 and a beta of 0.61. The company has a quick ratio of 3.80, a current ratio of 3.98 and a debt-to-equity ratio of 0.21.
Hedge funds have recently made changes to their positions in the stock. Sprott Inc. increased its position in shares of Royal Gold by 4.3% in the third quarter. Sprott Inc. now owns 32,797 shares of the basic materials company’s stock valued at $2,822,000 after buying an additional 1,359 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Royal Gold by 1.2% in the third quarter. Ameriprise Financial Inc. now owns 215,769 shares of the basic materials company’s stock valued at $18,565,000 after buying an additional 2,512 shares in the last quarter. America First Investment Advisors LLC increased its position in shares of Royal Gold by 2.7% in the third quarter. America First Investment Advisors LLC now owns 150,863 shares of the basic materials company’s stock valued at $12,980,000 after buying an additional 3,996 shares in the last quarter. Aperio Group LLC increased its position in shares of Royal Gold by 8.6% in the third quarter. Aperio Group LLC now owns 72,549 shares of the basic materials company’s stock valued at $6,242,000 after buying an additional 5,765 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its position 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 valued at $304,409,000 after buying an additional 58,541 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.
In related news, CFO Stefan Wenger sold 1,500 shares of Royal Gold stock in a transaction that occurred on Wednesday, December 13th. The stock was 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 can be accessed through this link. Over the last quarter, insiders have sold 4,500 shares of company stock valued at $387,750. 1.12% of the stock is owned by company insiders.
The business also recently declared a quarterly dividend, which was paid on Friday, January 19th. Investors of record on Friday, January 5th were given a dividend of $0.25 per share. This is a boost from Royal Gold’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Thursday, January 4th. Royal Gold’s dividend payout ratio (DPR) is currently 113.64%.
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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