Royal Gold (NASDAQ:RGLD) (TSE:RGL) was upgraded by equities research analysts at Scotiabank from a “sector underperform” rating to a “sector perform” rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The brokerage currently has a $112.00 price objective on the basic materials company’s stock. Scotiabank’s price objective would indicate a potential upside of 21.11% from the company’s previous close.
A number of other research analysts have also recently issued reports on RGLD. ValuEngine raised shares of Royal Gold from a “sell” rating to a “hold” rating in a report on Friday, March 13th. Raymond James reissued a “market perform” rating and set a $120.00 price objective on shares of Royal Gold in a research note on Friday, February 7th. Barclays reaffirmed a “sell” rating and issued a $107.00 target price on shares of Royal Gold in a research note on Thursday, December 12th. Royal Bank of Canada assumed coverage on Royal Gold in a report on Wednesday, December 4th. They set a “sell” rating and a $115.00 target price on the stock. Finally, BidaskClub upgraded Royal Gold from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $118.22.
Shares of Royal Gold stock opened at $92.48 on Thursday. Royal Gold has a 12-month low of $59.78 and a 12-month high of $138.78. The company has a current ratio of 3.09, a quick ratio of 2.74 and a debt-to-equity ratio of 0.06. The stock has a market cap of $6.11 billion, a PE ratio of 36.41, a price-to-earnings-growth ratio of 3.75 and a beta of 0.38. The company has a 50-day moving average of $96.72 and a two-hundred day moving average of $113.27.
Royal Gold (NASDAQ:RGLD) (TSE:RGL) last issued its earnings results on Wednesday, February 5th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.01). Royal Gold had a net margin of 35.69% and a return on equity of 6.25%. The company had revenue of $123.60 million during the quarter, compared to analysts’ expectations of $130.34 million. During the same period last year, the business posted $0.36 earnings per share. The company’s quarterly revenue was up 26.6% on a year-over-year basis. On average, sell-side analysts forecast that Royal Gold will post 2.48 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of RGLD. Huntington National Bank grew its stake in Royal Gold by 20,000.0% in the 4th quarter. Huntington National Bank now owns 201 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 200 shares during the period. Wealth Quarterback LLC acquired a new stake in shares of Royal Gold during the fourth quarter worth $25,000. Quadrant Capital Group LLC boosted its holdings in shares of Royal Gold by 59.3% during the fourth quarter. Quadrant Capital Group LLC now owns 352 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 131 shares during the last quarter. Raab & Moskowitz Asset Management LLC purchased a new stake in shares of Royal Gold in the fourth quarter valued at $41,000. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Royal Gold by 148.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 502 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 300 shares during the period. 80.19% 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 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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