FY2027 Earnings Estimate for Royal Gold Issued By Scotiabank

Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) – Stock analysts at Scotiabank issued their FY2027 earnings per share (EPS) estimates for shares of Royal Gold in a note issued to investors on Wednesday, July 15th. Scotiabank analyst T. Jakusconek forecasts that the basic materials company will earn $12.05 per share for the year. Scotiabank currently has a “Sector Perform” rating and a $310.00 target price on the stock. The consensus estimate for Royal Gold’s current full-year earnings is $10.32 per share.

Several other brokerages have also issued reports on RGLD. Jefferies Financial Group reduced their price objective on shares of Royal Gold from $318.00 to $311.00 and set a “buy” rating on the stock in a report on Monday, July 6th. UBS Group lowered their target price on shares of Royal Gold from $325.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Royal Bank Of Canada reduced their price target on shares of Royal Gold from $310.00 to $305.00 and set an “outperform” rating on the stock in a research note on Thursday, July 9th. Weiss Ratings lowered shares of Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Finally, Zacks Research raised shares of Royal Gold from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Nine equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $280.27.

Royal Gold Stock Performance

NASDAQ RGLD opened at $189.17 on Friday. The stock has a fifty day simple moving average of $212.07 and a 200-day simple moving average of $243.68. The company has a current ratio of 3.52, a quick ratio of 3.26 and a debt-to-equity ratio of 0.08. The stock has a market cap of $16.05 billion, a PE ratio of 22.55, a P/E/G ratio of 1.33 and a beta of 0.44. Royal Gold has a twelve month low of $150.75 and a twelve month high of $306.25.

Institutional Trading of Royal Gold

Large investors have recently modified their holdings of the stock. Capital World Investors boosted its holdings in Royal Gold by 7.5% in the fourth quarter. Capital World Investors now owns 9,733,807 shares of the basic materials company’s stock valued at $2,163,732,000 after purchasing an additional 678,732 shares during the period. Vanguard Group Inc. increased its holdings in Royal Gold by 25.0% during the 4th quarter. Vanguard Group Inc. now owns 8,398,944 shares of the basic materials company’s stock worth $1,867,001,000 after purchasing an additional 1,681,577 shares during the period. Van ECK Associates Corp increased its holdings in Royal Gold by 18.1% during the 4th quarter. Van ECK Associates Corp now owns 5,900,432 shares of the basic materials company’s stock worth $1,311,607,000 after purchasing an additional 905,488 shares during the period. State Street Corp raised its position in Royal Gold by 11.9% in the 4th quarter. State Street Corp now owns 3,718,646 shares of the basic materials company’s stock valued at $826,618,000 after purchasing an additional 396,778 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Royal Gold by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 1,952,363 shares of the basic materials company’s stock valued at $434,063,000 after purchasing an additional 78,344 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.

Insider Transactions at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $215.85, for a total value of $107,925.00. Following the completion of the transaction, the senior vice president owned 8,582 shares of the company’s stock, valued at $1,852,424.70. This trade represents a 5.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.35% of the stock is currently owned by company insiders.

Royal Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd were issued a dividend of $0.475 per share. The ex-dividend date was Thursday, July 2nd. This represents a $1.90 dividend on an annualized basis and a yield of 1.0%. Royal Gold’s dividend payout ratio is 22.65%.

About Royal Gold

Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.

The company’s portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.