Royal Gold (NASDAQ:RGLD) (TSE:RGL) had its target price lowered by research analysts at TD Securities from $110.00 to $105.00 in a report released on Friday. The firm currently has a “buy” rating on the basic materials company’s stock. TD Securities’ price target points to a potential upside of 27.97% from the company’s previous close.
A number of other research firms have also weighed in on RGLD. BMO Capital Markets reiterated a “buy” rating and issued a $95.00 price target on shares of Royal Gold in a research report on Wednesday, September 6th. Royal Bank of Canada reiterated an “outperform” rating on shares of Royal Gold in a research report on Thursday, September 7th. Zacks Investment Research upgraded Royal Gold from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. B. Riley reiterated a “neutral” rating on shares of Royal Gold in a research report on Wednesday, November 1st. Finally, TheStreet upgraded Royal Gold from a “c+” rating to a “b-” rating in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Royal Gold currently has a consensus rating of “Hold” and a consensus price target of $95.95.
Royal Gold (RGLD) traded down $4.68 during trading hours on Friday, hitting $82.05. The company had a trading volume of 2,661,400 shares, compared to its average volume of 538,948. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.92 and a quick ratio of 3.73. Royal Gold has a fifty-two week low of $61.00 and a fifty-two week high of $94.39. The firm has a market cap of $5,676.85, a price-to-earnings ratio of 53.28, a price-to-earnings-growth ratio of 4.92 and a beta of 0.46.
In other Royal Gold news, CFO Stefan Wenger sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $85.00, for a total transaction of $127,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 4,500 shares of company stock valued at $383,820 over the last 90 days. Corporate insiders own 1.12% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Visionary Asset Management Inc. purchased a new stake in shares of Royal Gold during the 3rd quarter worth about $289,000. California Public Employees Retirement System raised its stake in shares of Royal Gold by 2.6% during the 3rd quarter. California Public Employees Retirement System now owns 163,015 shares of the basic materials company’s stock worth $14,026,000 after purchasing an additional 4,115 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Royal Gold by 18.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 3,898 shares of the basic materials company’s stock worth $335,000 after purchasing an additional 618 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Royal Gold during the 3rd quarter worth about $392,000. Finally, U S Global Investors Inc. raised its stake in shares of Royal Gold by 134.9% during the 3rd quarter. U S Global Investors Inc. now owns 7,122 shares of the basic materials company’s stock worth $613,000 after purchasing an additional 4,090 shares in the last quarter. 72.02% of the stock is owned by institutional investors.
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About Royal Gold
Royal Gold, Inc, together with its subsidiaries, is engaged in acquiring and managing precious metal streams, royalties and similar interests. The Company operates through two segments: Acquisition and Management of Stream Interests, and Acquisition and Management of Royalty Interests. Its assets are located in Canada, Chile, Dominican Republic, Mexico, the United States, Africa, Australia and Other.
