Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) – Analysts at B. Riley upped their Q1 2019 earnings per share estimates for shares of Royal Gold in a research report issued on Friday. B. Riley analyst L. Pipes now expects that the basic materials company will earn $0.44 per share for the quarter, up from their previous forecast of $0.43. B. Riley has a “Neutral” rating on the stock. B. Riley also issued estimates for Royal Gold’s FY2019 earnings at $1.76 EPS.
A number of other brokerages also recently issued reports on RGLD. Zacks Investment Research raised Royal Gold from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. BidaskClub raised Royal Gold from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. TheStreet raised Royal Gold from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. Royal Bank of Canada set a $89.00 target price on Royal Gold and gave the stock a “buy” rating in a research note on Monday, October 23rd. Finally, Canaccord Genuity reissued a “buy” rating and set a $114.00 target price on shares of Royal Gold in a research note on Sunday, October 22nd. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $95.46.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Royal Gold had a return on equity of 4.31% and a net margin of 13.00%. The company had revenue of $114.35 million for the quarter, compared to analyst estimates of $114.79 million. During the same period in the previous year, the business posted $0.36 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 19th. Investors of record on Friday, January 5th were paid a $0.25 dividend. This is an increase 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 presently 113.64%.
In related news, CFO Stefan Wenger sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $85.00, for a total value of $127,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 4,500 shares of company stock valued at $387,750 over the last ninety days. 1.12% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mountain Capital Investment Advisors Inc purchased a new position in Royal Gold in the 2nd quarter valued at approximately $109,000. Keeler Thomas Management LLC purchased a new position in Royal Gold in the 4th quarter valued at approximately $118,000. Exane Derivatives increased its position in Royal Gold by 4,900.0% during the fourth quarter. Exane Derivatives now owns 1,500 shares of the basic materials company’s stock worth $123,000 after buying an additional 1,470 shares in the last quarter. Quantbot Technologies LP purchased a new position in Royal Gold during the third quarter worth $174,000. Finally, Squar Milner Financial Services LLC purchased a new position in Royal Gold during the fourth quarter worth $212,000. 71.72% of the stock is owned by hedge funds and other institutional investors.
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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