Shares of Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) have earned an average recommendation of “Hold” from the seventeen research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $98.45.
RGLD has been the topic of several research analyst reports. ValuEngine lowered Royal Gold from a “hold” rating to a “sell” rating in a report on Friday, August 17th. Scotiabank set a $88.00 price objective on Royal Gold and gave the company a “hold” rating in a report on Thursday, August 9th. National Bank Financial lowered their price target on Royal Gold from $102.50 to $97.50 and set a “sector perform” rating on the stock in a research note on Saturday, July 14th. BidaskClub lowered Royal Gold from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 2nd. Finally, Desjardins set a $98.00 price target on Royal Gold and gave the stock a “buy” rating in a research note on Saturday, July 28th.
Shares of RGLD opened at $74.23 on Friday. The company has a current ratio of 2.45, a quick ratio of 2.27 and a debt-to-equity ratio of 0.16. Royal Gold has a 12 month low of $71.91 and a 12 month high of $98.53. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 42.18, a price-to-earnings-growth ratio of 3.84 and a beta of 0.35.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its quarterly earnings data on Wednesday, August 8th. The basic materials company reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. Royal Gold had a positive return on equity of 5.17% and a negative net margin of 24.65%. The company had revenue of $116.20 million for the quarter, compared to analyst estimates of $115.57 million. During the same period last year, the company earned $0.31 earnings per share. Royal Gold’s quarterly revenue was up 6.7% compared to the same quarter last year. research analysts anticipate that Royal Gold will post 1.94 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 19th. Stockholders of record on Friday, October 5th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, October 4th. Royal Gold’s dividend payout ratio is presently 56.82%.
In other Royal Gold news, CFO William Holmes Heissenbuttel sold 6,360 shares of the business’s stock in a transaction on Wednesday, June 27th. The stock was sold at an average price of $91.87, for a total transaction of $584,293.20. Following the transaction, the chief financial officer now owns 73,672 shares of the company’s stock, valued at $6,768,246.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jamie C. Sokalsky acquired 2,000 shares of the stock in a transaction on Wednesday, August 15th. The shares were bought at an average cost of $77.25 per share, for a total transaction of $154,500.00. Following the purchase, the director now directly owns 9,200 shares of the company’s stock, valued at approximately $710,700. The disclosure for this purchase can be found here. Insiders sold 36,931 shares of company stock worth $3,463,106 over the last ninety days. Corporate insiders own 1.12% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gables Capital Management Inc. acquired a new position in Royal Gold during the first quarter worth $107,000. Northwestern Mutual Wealth Management Co. acquired a new position in Royal Gold during the second quarter worth $151,000. Pendal Group Ltd boosted its stake in Royal Gold by 100.3% during the second quarter. Pendal Group Ltd now owns 2,069 shares of the basic materials company’s stock worth $192,000 after buying an additional 1,036 shares during the last quarter. Advisor Partners LLC acquired a new position in Royal Gold during the second quarter worth $219,000. Finally, CIBC Asset Management Inc acquired a new position in Royal Gold during the second quarter worth $220,000. 74.89% of the stock is currently owned by institutional investors.
Royal Gold Company Profile
Royal Gold, Inc engages in the acquisition and management of metal streams, royalties, and similar interests. It operates through the Acquisition and Management of Stream Interests and Acquisition and Management of Royalty Interests segments. The Acquisition and Management of Stream Interests segment involves in the purchase agreement that provides, in exchange for an upfront deposit payment, the right to purchase all or a portion of one or more metals.
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