Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL - Analysts at National Bank Financial upped their FY2024 earnings estimates for shares of Royal Gold in a note issued to investors on Thursday, November 7th. National Bank Financial analyst S. Nagle now expects that the basic materials company will earn $5.49 per share for the year, up from their previous estimate of $5.10. The consensus estimate for Royal Gold's current full-year earnings is $5.07 per share. National Bank Financial also issued estimates for Royal Gold's FY2025 earnings at $6.18 EPS.
A number of other equities research analysts also recently weighed in on RGLD. TD Securities upped their target price on Royal Gold from $181.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday. StockNews.com raised shares of Royal Gold from a "hold" rating to a "buy" rating in a research note on Thursday, September 19th. Scotiabank increased their target price on shares of Royal Gold from $148.00 to $157.00 and gave the company a "sector perform" rating in a research note on Monday, August 19th. Jefferies Financial Group lifted their price target on shares of Royal Gold from $141.00 to $154.00 and gave the stock a "hold" rating in a research report on Friday, October 4th. Finally, Raymond James increased their price objective on Royal Gold from $184.00 to $186.00 and gave the company an "outperform" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Royal Gold currently has an average rating of "Hold" and a consensus price target of $165.43.
Get Our Latest Stock Analysis on Royal Gold
Royal Gold Stock Performance
Shares of NASDAQ:RGLD traded down $6.40 during trading on Monday, reaching $143.53. The company had a trading volume of 388,187 shares, compared to its average volume of 366,339. The firm's fifty day moving average is $143.61 and its 200 day moving average is $135.08. The firm has a market capitalization of $9.44 billion, a PE ratio of 32.88, a price-to-earnings-growth ratio of 1.24 and a beta of 0.90. Royal Gold has a twelve month low of $100.55 and a twelve month high of $155.10.
Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $1.47 EPS for the quarter, beating analysts' consensus estimates of $1.34 by $0.13. The company had revenue of $193.84 million for the quarter, compared to analyst estimates of $184.12 million. Royal Gold had a return on equity of 10.18% and a net margin of 42.93%. The company's quarterly revenue was up 39.8% compared to the same quarter last year. During the same period last year, the company earned $0.76 earnings per share.
Royal Gold Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Friday, October 4th. Royal Gold's payout ratio is currently 36.70%.
Insider Transactions at Royal Gold
In related news, Director Ronald J. Vance sold 415 shares of the company's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $140.85, for a total value of $58,452.75. Following the completion of the sale, the director now directly owns 8,194 shares of the company's stock, valued at $1,154,124.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Randy Shefman sold 4,600 shares of the firm's stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $140.31, for a total transaction of $645,426.00. Following the completion of the sale, the senior vice president now directly owns 7,430 shares of the company's stock, valued at approximately $1,042,503.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald J. Vance sold 415 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $140.85, for a total value of $58,452.75. Following the completion of the sale, the director now owns 8,194 shares of the company's stock, valued at $1,154,124.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,355 shares of company stock worth $1,038,155. 0.52% of the stock is currently owned by insiders.
Institutional Trading of Royal Gold
Several large investors have recently made changes to their positions in RGLD. DekaBank Deutsche Girozentrale grew its stake in shares of Royal Gold by 1,800.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 19,363 shares of the basic materials company's stock worth $2,306,000 after purchasing an additional 18,344 shares during the period. BNP Paribas Financial Markets grew its stake in Royal Gold by 151.2% in the first quarter. BNP Paribas Financial Markets now owns 24,941 shares of the basic materials company's stock worth $3,037,000 after purchasing an additional 15,012 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Royal Gold by 36.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 55,368 shares of the basic materials company's stock valued at $6,746,000 after acquiring an additional 14,675 shares during the period. Tidal Investments LLC increased its stake in Royal Gold by 165.0% during the 1st quarter. Tidal Investments LLC now owns 10,626 shares of the basic materials company's stock worth $1,294,000 after buying an additional 6,616 shares during the period. Finally, Vanguard Group Inc. increased its position in Royal Gold by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 6,664,975 shares of the basic materials company's stock worth $811,861,000 after purchasing an additional 21,407 shares during the period. Institutional investors own 83.65% of the company's stock.
About Royal Gold
(
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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.
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