Wall Street brokerages predict that Royal Gold, Inc (NASDAQ:RGLD) (TSE:RGL) will announce earnings per share (EPS) of $0.35 for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Royal Gold’s earnings, with estimates ranging from $0.25 to $0.44. Royal Gold reported earnings per share of $0.41 during the same quarter last year, which would suggest a negative year over year growth rate of 14.6%. The firm is scheduled to report its next quarterly earnings results on Wednesday, February 6th.
According to Zacks, analysts expect that Royal Gold will report full year earnings of $1.47 per share for the current financial year, with EPS estimates ranging from $1.34 to $1.68. For the next financial year, analysts forecast that the business will report earnings of $1.86 per share, with EPS estimates ranging from $1.74 to $1.98. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Royal Gold.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last posted its quarterly earnings results on Wednesday, October 31st. The basic materials company reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.14). Royal Gold had a negative net margin of 28.39% and a positive return on equity of 4.66%. The firm had revenue of $100.00 million for the quarter, compared to the consensus estimate of $98.88 million. During the same quarter in the prior year, the company earned $0.44 earnings per share. The company’s quarterly revenue was down 11.1% compared to the same quarter last year.
A number of equities research analysts have commented on RGLD shares. Zacks Investment Research upgraded shares of Royal Gold from a “sell” rating to a “hold” rating in a research note on Monday, October 15th. ValuEngine upgraded shares of Royal Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. BidaskClub upgraded shares of Royal Gold from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 31st. Raymond James decreased their target price on shares of Royal Gold from $99.00 to $98.00 and set an “outperform” rating on the stock in a research note on Monday, September 17th. Finally, TD Securities cut shares of Royal Gold from a “buy” rating to a “hold” rating and decreased their target price for the stock from $97.00 to $88.00 in a research note on Friday, November 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. Royal Gold presently has an average rating of “Hold” and a consensus price target of $95.86.
Shares of NASDAQ:RGLD traded up $2.14 during trading on Friday, hitting $78.44. The company’s stock had a trading volume of 490,102 shares, compared to its average volume of 361,813. Royal Gold has a 12 month low of $70.16 and a 12 month high of $98.53. The company has a quick ratio of 4.00, a current ratio of 4.27 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $5.00 billion, a PE ratio of 44.57, a price-to-earnings-growth ratio of 5.18 and a beta of 0.46.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 18th. Shareholders of record on Friday, January 4th will be issued a dividend of $0.265 per share. This is a positive change from Royal Gold’s previous quarterly dividend of $0.25. This represents a $1.06 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Thursday, January 3rd. Royal Gold’s dividend payout ratio (DPR) is 56.82%.
In other Royal Gold news, Director Sybil E. Veenman bought 500 shares of the business’s stock in a transaction that occurred on Wednesday, September 26th. The stock was purchased at an average cost of $78.11 per share, with a total value of $39,055.00. Following the completion of the acquisition, the director now owns 2,515 shares in the company, valued at approximately $196,446.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jamie C. Sokalsky bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The stock was acquired at an average cost of $77.18 per share, with a total value of $154,360.00. Following the completion of the acquisition, the director now owns 10,185 shares of the company’s stock, valued at approximately $786,078.30. The disclosure for this purchase can be found here. Company insiders own 0.95% of the company’s stock.
Several hedge funds have recently bought and sold shares of RGLD. Clearbridge Investments LLC grew its holdings in Royal Gold by 52,558.9% in the 3rd quarter. Clearbridge Investments LLC now owns 582,934 shares of the basic materials company’s stock valued at $44,921,000 after buying an additional 581,827 shares in the last quarter. Vanguard Group Inc. raised its stake in Royal Gold by 1.8% during the third quarter. Vanguard Group Inc. now owns 6,410,978 shares of the basic materials company’s stock valued at $494,029,000 after buying an additional 113,273 shares in the last quarter. Legal & General Group Plc raised its position in shares of Royal Gold by 2.1% during the 3rd quarter. Legal & General Group Plc now owns 102,944 shares of the basic materials company’s stock worth $7,933,000 after purchasing an additional 2,104 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of Royal Gold by 2.6% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 325,892 shares of the basic materials company’s stock worth $25,113,000 after purchasing an additional 8,355 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Royal Gold by 383.6% during the 3rd quarter. AQR Capital Management LLC now owns 49,565 shares of the basic materials company’s stock worth $3,819,000 after purchasing an additional 39,315 shares during the period. 75.26% of the stock is owned by hedge funds and other institutional investors.
About Royal Gold
Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related 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, which primarily consists of gold, silver, copper, nickel, zinc, lead, cobalt, and molybdenum.
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