Brokerages Set Royal Gold, Inc. (NASDAQ:RGLD) Target Price at $174.75

Shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) have received an average rating of “Hold” from the nine analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $178.00.

Several analysts have commented on the stock. Royal Bank of Canada decreased their price objective on shares of Royal Gold from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, April 4th. Jefferies Financial Group raised Royal Gold from a “hold” rating to a “buy” rating and increased their price target for the stock from $154.00 to $178.00 in a research report on Tuesday, January 7th. Scotiabank upgraded Royal Gold from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $166.00 to $189.00 in a research note on Monday, April 14th. BMO Capital Markets began coverage on Royal Gold in a research note on Wednesday. They issued a “market perform” rating and a $196.00 target price on the stock. Finally, Raymond James boosted their price target on Royal Gold from $181.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, April 4th.

Insider Buying and Selling

In related news, SVP Randy Shefman sold 1,300 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $154.98, for a total value of $201,474.00. Following the transaction, the senior vice president now directly owns 9,360 shares of the company’s stock, valued at approximately $1,450,612.80. This trade represents a 12.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.49% of the stock is owned by insiders.

Hedge Funds Weigh In On Royal Gold

Hedge funds and other institutional investors have recently made changes to their positions in the company. BCS Wealth Management lifted its holdings in Royal Gold by 0.3% in the 1st quarter. BCS Wealth Management now owns 20,704 shares of the basic materials company’s stock valued at $3,385,000 after purchasing an additional 63 shares in the last quarter. GoalVest Advisory LLC grew its stake in Royal Gold by 5.2% during the 1st quarter. GoalVest Advisory LLC now owns 1,505 shares of the basic materials company’s stock valued at $246,000 after acquiring an additional 75 shares in the last quarter. Veracity Capital LLC raised its holdings in Royal Gold by 5.0% in the 4th quarter. Veracity Capital LLC now owns 1,585 shares of the basic materials company’s stock valued at $209,000 after acquiring an additional 76 shares during the last quarter. Savant Capital LLC lifted its stake in Royal Gold by 0.4% in the 4th quarter. Savant Capital LLC now owns 21,112 shares of the basic materials company’s stock worth $2,784,000 after purchasing an additional 93 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of Royal Gold by 0.7% in the fourth quarter. CIBC Asset Management Inc now owns 12,894 shares of the basic materials company’s stock valued at $1,700,000 after purchasing an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Royal Gold Stock Performance

Shares of RGLD opened at $184.90 on Tuesday. The stock has a 50-day moving average of $158.36 and a two-hundred day moving average of $147.98. The stock has a market cap of $12.17 billion, a P/E ratio of 36.69, a P/E/G ratio of 3.42 and a beta of 0.77. Royal Gold has a one year low of $118.00 and a one year high of $191.22.

Royal Gold (NASDAQ:RGLD) (TSE:RGL) last released its earnings results on Wednesday, February 12th. The basic materials company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.17. Royal Gold had a return on equity of 11.46% and a net margin of 46.15%. Analysts predict that Royal Gold will post 6.2 EPS for the current fiscal year.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Friday, April 4th were given a dividend of $0.45 per share. The ex-dividend date was Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.97%. Royal Gold’s dividend payout ratio (DPR) is 35.71%.

Royal Gold Company Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.