Royal Gold (NASDAQ:RGLD – Free Report) (TSE:RGL) had its price objective boosted by Canaccord Genuity Group from $202.00 to $203.00 in a research report report published on Wednesday,BayStreet.CA reports.
A number of other equities research analysts also recently issued reports on RGLD. BMO Capital Markets set a $197.00 price objective on shares of Royal Gold and gave the company a “market perform” rating in a research report on Thursday, May 22nd. Royal Bank of Canada cut 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 report on Friday, April 4th. Raymond James boosted their price objective on shares of Royal Gold from $181.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, April 4th. CIBC boosted their price objective on shares of Royal Gold from $202.00 to $215.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Finally, Wall Street Zen raised shares of Royal Gold from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 24th. One analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $185.33.
Get Our Latest Stock Analysis on Royal Gold
Royal Gold Trading Up 0.5%
Royal Gold (NASDAQ:RGLD – Get Free Report) (TSE:RGL) last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.14. Royal Gold had a net margin of 46.15% and a return on equity of 11.46%. The firm had revenue of $193.44 million during the quarter, compared to the consensus estimate of $176.17 million. During the same quarter in the previous year, the firm posted $0.91 EPS. The company’s revenue for the quarter was up 29.9% compared to the same quarter last year. Research analysts forecast that Royal Gold will post 6.2 earnings per share for the current year.
Royal Gold Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, July 3rd will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, July 3rd. Royal Gold’s dividend payout ratio is currently 29.80%.
Insider Buying and Selling
In other Royal Gold news, SVP Randy Shefman sold 1,300 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $154.98, for a total value of $201,474.00. Following the sale, the senior vice president now owns 9,360 shares in the company, valued at $1,450,612.80. The trade was a 12.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is currently owned by insiders.
Institutional Trading of Royal Gold
Several hedge funds have recently bought and sold shares of the stock. Capital World Investors lifted its stake in Royal Gold by 0.4% in the 4th quarter. Capital World Investors now owns 8,773,925 shares of the basic materials company’s stock worth $1,156,842,000 after purchasing an additional 37,648 shares in the last quarter. Vanguard Group Inc. lifted its stake in Royal Gold by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 6,698,891 shares of the basic materials company’s stock worth $1,095,336,000 after purchasing an additional 46,956 shares in the last quarter. AQR Capital Management LLC lifted its stake in Royal Gold by 68.8% in the 1st quarter. AQR Capital Management LLC now owns 1,682,911 shares of the basic materials company’s stock worth $274,887,000 after purchasing an additional 685,857 shares in the last quarter. Findlay Park Partners LLP lifted its stake in Royal Gold by 1.4% in the 1st quarter. Findlay Park Partners LLP now owns 1,241,030 shares of the basic materials company’s stock worth $202,921,000 after purchasing an additional 16,600 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Royal Gold by 19.6% in the 4th quarter. Northern Trust Corp now owns 1,029,431 shares of the basic materials company’s stock worth $135,730,000 after purchasing an additional 168,569 shares in the last quarter. Hedge funds and other institutional investors own 83.65% of the company’s stock.
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.
See Also
- Five stocks we like better than Royal Gold
- Dividend Payout Ratio Calculator
- Is Consumer Discretionary a Dead End? These 3 Stocks Say No
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Why a Trump-Musk Feud Could Mean Big Wins for AST SpaceMobile
- What Investors Need to Know to Beat the Market
- Nintendo Stock Near Highs—Will the Switch 2 Keep the Rally Alive?
Receive News & Ratings for Royal Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Gold and related companies with MarketBeat.com's FREE daily email newsletter.