Royal Gold (RGLD) Rating Lowered to Sell at BidaskClub

Royal Gold (NASDAQ:RGLD) (TSE:RGL) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday.

Other analysts also recently issued research reports about the company. Canaccord Genuity set a $103.00 price objective on Royal Gold and gave the stock a “buy” rating in a research report on Monday, April 9th. ValuEngine upgraded Royal Gold from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. BMO Capital Markets set a $102.00 price objective on Royal Gold and gave the stock a “buy” rating in a research report on Wednesday, March 28th. Scotiabank set a $89.00 price objective on Royal Gold and gave the stock a “hold” rating in a research report on Tuesday, March 6th. Finally, Raymond James reduced their price objective on Royal Gold from $93.00 to $90.00 and set a “market perform” rating for the company in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. Royal Gold presently has an average rating of “Hold” and a consensus target price of $96.46.

Shares of NASDAQ:RGLD opened at $88.27 on Thursday. Royal Gold has a twelve month low of $87.67 and a twelve month high of $88.70. The company has a market cap of $5.80 billion, a P/E ratio of 53.99, a price-to-earnings-growth ratio of 5.03 and a beta of 0.65. 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 announced its earnings results on Thursday, May 3rd. The basic materials company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.05. Royal Gold had a positive return on equity of 4.73% and a negative net margin of 26.51%. The firm had revenue of $116.00 million during the quarter, compared to the consensus estimate of $111.66 million. During the same quarter in the prior year, the company earned $0.36 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. equities research analysts forecast that Royal Gold will post 1.76 earnings per share for the current fiscal year.

In other news, CFO Stefan Wenger sold 1,500 shares of the 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 4,500 shares of company stock valued at $388,650. 1.12% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Keeler Thomas Management LLC acquired a new position in shares of Royal Gold in the 4th quarter worth approximately $118,000. Exane Derivatives raised its holdings in shares of Royal Gold by 4,900.0% in the 4th 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. Squar Milner Financial Services LLC acquired a new position in shares of Royal Gold in the 4th quarter worth approximately $212,000. Stone Ridge Asset Management LLC acquired a new position in shares of Royal Gold in the 4th quarter worth approximately $219,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Royal Gold in the 1st quarter worth approximately $222,000. 77.59% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Royal Gold (NASDAQ:RGLD)

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