National Bank Financial Comments on Royal Gold, Inc’s FY2019 Earnings (RGLD)

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.

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

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%.

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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.

Earnings History and Estimates for Royal Gold (NASDAQ:RGLD)

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