Royal Gold, Inc. (NASDAQ:RGLD) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Royal Gold, Inc. (NASDAQ:RGLD) (TSE:RGL) have earned an average rating of “Moderate Buy” from the twelve brokerages that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $280.70.

A number of brokerages have weighed in on RGLD. National Bank Financial reduced their price target on Royal Gold from $350.00 to $340.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. UBS Group set a $325.00 price target on Royal Gold and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Weiss Ratings cut Royal Gold from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Finally, Zacks Research cut Royal Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th.

Royal Gold Price Performance

RGLD opened at $207.57 on Friday. The stock has a market cap of $17.62 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 1.54 and a beta of 0.41. Royal Gold has a 1 year low of $150.75 and a 1 year high of $306.25. 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 fifty day moving average price of $237.29 and a 200 day moving average price of $245.35.

Royal Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd will be given a $0.475 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.90 dividend on an annualized basis and a dividend yield of 0.9%. Royal Gold’s payout ratio is currently 22.65%.

Insider Buying and Selling at Royal Gold

In other Royal Gold news, SVP Randy Shefman sold 1,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $243.74, for a total value of $243,740.00. Following the completion of the sale, the senior vice president owned 9,082 shares of the company’s stock, valued at $2,213,646.68. The trade was a 9.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is owned by corporate insiders.

Institutional Trading of Royal Gold

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC lifted its position in shares of Royal Gold by 8.5% in the first quarter. Parallel Advisors LLC now owns 2,951 shares of the basic materials company’s stock worth $751,000 after buying an additional 232 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Royal Gold by 3.2% in the first quarter. NewEdge Advisors LLC now owns 23,572 shares of the basic materials company’s stock worth $5,999,000 after purchasing an additional 721 shares during the period. Glenmede Trust Co. NA bought a new position in shares of Royal Gold in the first quarter worth about $215,000. Axiom Investment Management LLC bought a new position in shares of Royal Gold in the first quarter worth about $25,000. Finally, BankChampaign National Association bought a new position in shares of Royal Gold in the first quarter worth about $2,066,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

Royal Gold Company Profile

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.