Royal Gold (RGLD) Lowered to Hold at ValuEngine

Royal Gold (NASDAQ:RGLD) (TSE:RGL) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Thursday.

Other research analysts have also issued research reports about the company. BMO Capital Markets set a $102.00 price target on Royal Gold and gave the stock a “buy” rating in a research report on Wednesday, March 28th. BidaskClub lowered Royal Gold from a “hold” rating to a “sell” rating in a research report on Thursday. Canaccord Genuity set a $103.00 price target on Royal Gold and gave the stock a “buy” rating in a research report on Monday, April 9th. Raymond James upgraded Royal Gold from a “market perform” rating to an “outperform” rating and lowered their target price for the company from $90.00 to $88.00 in a research note on Wednesday, March 14th. Finally, National Bank Financial lifted their target price on Royal Gold from $100.00 to $102.50 and gave the company a “sector perform” rating in a research note on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $96.46.

Royal Gold traded up $0.04, hitting $88.29, during trading on Thursday, according to MarketBeat. 214,840 shares of the stock were exchanged, compared to its average volume of 529,460. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 56.96, a price-to-earnings-growth ratio of 5.03 and a beta of 0.65. Royal Gold has a 1-year low of $87.67 and a 1-year high of $88.70. The company has a quick ratio of 3.20, a current ratio of 3.49 and a debt-to-equity ratio of 0.20.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its quarterly earnings results on Thursday, May 3rd. The basic materials company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.43 by $0.05. The company had revenue of $116.00 million for the quarter, compared to analyst estimates of $111.66 million. Royal Gold had a positive return on equity of 4.73% and a negative net margin of 26.51%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 earnings per share. equities analysts expect that Royal Gold will post 1.76 EPS for the current fiscal year.

In other Royal Gold news, CFO Stefan Wenger sold 1,500 shares of Royal Gold stock in a transaction that occurred on Friday, March 23rd. The stock was 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 SEC, which can be accessed through the SEC website. Insiders sold a total of 4,500 shares of company stock worth $388,650 over the last quarter. Company insiders own 1.12% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Gables Capital Management Inc. purchased a new stake in shares of Royal Gold in the first quarter valued at approximately $107,000. Keeler Thomas Management LLC purchased a new stake in shares of Royal Gold in the fourth quarter valued at approximately $118,000. Exane Derivatives boosted its stake in shares of 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. Squar Milner Financial Services LLC purchased a new stake in shares of Royal Gold in the fourth quarter valued at approximately $212,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Royal Gold in the first quarter valued at approximately $222,000. Hedge funds and other institutional investors own 77.59% of the company’s stock.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and similar interests. It focuses on acquiring stream and royalty interests or to finance projects that are in production or in development stage in exchange for stream or royalty interests. As of June 30, 2017, the company owned stream interests in 4 producing property and 2 development stage properties; and owned royalty interests in 35 producing properties, 18 development stage properties, and 135 exploration stage properties.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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